Loomis Sayles & Co. L P Has $39.46 Million Stake in United States Cellular Co. (NYSE:USM)

Loomis Sayles & Co. L P lessened its stake in United States Cellular Co. (NYSE:USM - Free Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 629,195 shares of the Wireless communications provider's stock after selling 4,877 shares during the quarter. Loomis Sayles & Co. L P owned 0.73% of United States Cellular worth $39,463,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in shares of United States Cellular by 21.5% in the third quarter. Victory Capital Management Inc. now owns 15,153 shares of the Wireless communications provider's stock valued at $828,000 after purchasing an additional 2,678 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in United States Cellular during the third quarter worth about $303,000. Charles Schwab Investment Management Inc. raised its position in shares of United States Cellular by 28.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider's stock valued at $7,816,000 after buying an additional 31,934 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in 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 valued at $227,000 after purchasing an additional 245 shares in the last quarter. Finally, FMR LLC lifted its position in shares of United States Cellular by 3.5% during the 3rd quarter. FMR LLC now owns 247,985 shares of the Wireless communications provider's stock worth $13,552,000 after buying an additional 8,416 shares during the last quarter. 18.03% of the stock is owned by institutional investors and hedge funds.

Remove Ads

United States Cellular Trading Up 2.2 %

Shares of NYSE USM traded up $1.55 during midday trading on Tuesday, reaching $70.70. The stock had a trading volume of 19,553 shares, compared to its average volume of 200,834. The company's 50 day moving average price is $65.43 and its 200 day moving average price is $62.35. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57. United States Cellular Co. has a twelve month low of $33.38 and a twelve month high of $70.73. The firm has a market cap of $6.01 billion, a price-to-earnings ratio of -195.36 and a beta of 0.46.

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

Wall Street Analysts Forecast Growth

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

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.