KLP Kapitalforvaltning AS Makes New $332,000 Investment in United States Cellular Co. (NYSE:USM)

KLP Kapitalforvaltning AS purchased a new stake in United States Cellular Co. (NYSE:USM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,300 shares of the Wireless communications provider's stock, valued at approximately $332,000.

Several other hedge funds and other institutional investors have also made changes to their positions in USM. American Century Companies Inc. increased its stake in shares of United States Cellular by 12.4% in the 4th quarter. American Century Companies Inc. now owns 464,685 shares of the Wireless communications provider's stock valued at $29,145,000 after acquiring an additional 51,362 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in United States Cellular by 28.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider's stock valued at $7,816,000 after purchasing an additional 31,934 shares in the last quarter. Mariner Investment Group LLC acquired a new stake in United States Cellular in the fourth quarter worth $1,944,000. Promus Capital LLC bought a new position in shares of United States Cellular during the fourth quarter worth $1,397,000. Finally, Raymond James Financial Inc. bought a new position in shares of United States Cellular during the fourth quarter worth $1,036,000. 18.03% of the stock is currently owned by institutional investors.

United States Cellular Stock Down 2.1 %

USM traded down $1.41 during trading hours on Thursday, hitting $64.54. 284,885 shares of the company's stock were exchanged, compared to its average volume of 205,176. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of -179.26 and a beta of 0.40. United States Cellular Co. has a 1-year low of $33.38 and a 1-year high of $70.79. The stock's 50-day moving average is $65.95 and its two-hundred day moving average is $62.94. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

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United States Cellular (NYSE:USM - Get Free Report) last posted its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.15. The company had revenue of $970.00 million during the quarter, compared to the consensus estimate of $964.70 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. During the same period in the prior year, the business posted $0.23 EPS. Sell-side analysts predict that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

USM has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their price objective on United States Cellular from $86.00 to $88.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. StockNews.com raised United States Cellular from a "sell" rating to a "hold" rating in a research report on Friday, February 21st.

About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.