Gamco Investors INC. ET AL Sells 38,149 Shares of United States Cellular Co. (NYSE:USM)

Gamco Investors INC. ET AL lowered its holdings in shares of United States Cellular Co. (NYSE:USM - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,331,065 shares of the Wireless communications provider's stock after selling 38,149 shares during the period. United States Cellular comprises about 0.9% of Gamco Investors INC. ET AL's investment portfolio, making the stock its 18th biggest position. Gamco Investors INC. ET AL owned 1.55% of United States Cellular worth $83,484,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Amundi boosted its position in 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 buying an additional 244 shares during the period. 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 stake in shares of United States Cellular by 0.7% in 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 worth $1,969,000 after purchasing an additional 264 shares during the last quarter. Swiss National Bank increased its holdings in United States Cellular by 1.3% during the 4th quarter. Swiss National Bank now owns 31,300 shares of the Wireless communications provider's stock valued at $1,963,000 after purchasing an additional 400 shares during the period. Finally, R Squared Ltd bought a new position in United States Cellular during the 4th quarter valued at approximately $38,000. Hedge funds and other institutional investors own 18.03% of the company's stock.

United States Cellular Stock Up 2.7 %

NYSE USM traded up $1.78 during trading hours on Friday, reaching $68.64. 250,485 shares of the company's stock traded hands, compared to its average volume of 205,647. United States Cellular Co. has a 52-week low of $33.75 and a 52-week high of $70.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. The firm has a 50-day simple moving average of $66.27 and a 200 day simple moving average of $63.42. The firm has a market cap of $5.83 billion, a PE ratio of -190.66 and a beta of 0.40.

United States Cellular (NYSE:USM - Get Free Report) last issued its quarterly earnings results 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. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The firm had revenue of $970.00 million for the quarter, compared to analysts' expectations of $964.70 million. During the same period in the previous year, the firm posted $0.23 EPS. Sell-side analysts anticipate that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.