American Century Companies Inc. Acquires 51,362 Shares of United States Cellular Co. (NYSE:USM)

American Century Companies Inc. boosted its holdings in shares of United States Cellular Co. (NYSE:USM - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 464,685 shares of the Wireless communications provider's stock after purchasing an additional 51,362 shares during the period. American Century Companies Inc. owned approximately 0.54% of United States Cellular worth $29,145,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Amundi lifted its position in shares of United States Cellular by 17.6% during the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock valued at $99,000 after acquiring an additional 244 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of United States Cellular by 6.3% during the third quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider's stock worth $227,000 after purchasing an additional 245 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in United States Cellular by 0.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,029 shares of the Wireless communications provider's stock valued at $1,969,000 after purchasing an additional 264 shares in the last quarter. Swiss National Bank lifted its position in United States Cellular by 1.3% in the 4th quarter. Swiss National Bank now owns 31,300 shares of the Wireless communications provider's stock worth $1,963,000 after buying an additional 400 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of United States Cellular during the 4th quarter valued at $38,000. Institutional investors and hedge funds own 18.03% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts recently issued reports on USM shares. JPMorgan Chase & Co. increased their price objective on United States Cellular from $86.00 to $88.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. StockNews.com raised United States Cellular from a "sell" rating to a "hold" rating in a research note on Friday, February 21st.

United States Cellular Stock Performance

NYSE USM traded down $1.23 during trading on Thursday, hitting $68.48. The company's stock had a trading volume of 277,101 shares, compared to its average volume of 202,384. United States Cellular Co. has a 52 week low of $33.38 and a 52 week high of $70.79. The firm has a market cap of $5.82 billion, a P/E ratio of -190.22 and a beta of 0.46. The firm has a 50 day moving average price of $65.80 and a 200 day moving average price of $62.54. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.15. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The company had revenue of $970.00 million for the quarter, compared to the consensus estimate of $964.70 million. During the same quarter in the previous year, the firm posted $0.23 EPS. Equities research analysts forecast that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

United States Cellular Company Profile

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.