United States Cellular (NYSE:USM) Shares Gap Down - Time to Sell?

United States Cellular Co. (NYSE:USM - Get Free Report)'s share price gapped down prior to trading on Friday . The stock had previously closed at $61.70, but opened at $59.61. United States Cellular shares last traded at $60.96, with a volume of 31,332 shares.

United States Cellular Stock Down 6.8 %

The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 70.40 and a beta of 0.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.55 and a quick ratio of 1.39. The stock has a fifty day moving average of $57.07 and a two-hundred day moving average of $51.90.

United States Cellular (NYSE:USM - Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The Wireless communications provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. The company had revenue of $927.00 million during the quarter, compared to analysts' expectations of $924.96 million. United States Cellular had a return on equity of 1.55% and a net margin of 1.88%. The business's quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. Sell-side analysts anticipate that United States Cellular Co. will post 0.61 earnings per share for the current year.

Insider Buying and Selling at United States Cellular

In related news, EVP Kevin R. Lowell sold 37,597 shares of United States Cellular stock in a transaction on Monday, August 5th. The shares were sold at an average price of $49.34, for a total transaction of $1,855,035.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On United States Cellular

Large investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. bought a new position in shares of United States Cellular during the 2nd quarter worth approximately $22,394,000. Jericho Capital Asset Management L.P. boosted its position in shares of United States Cellular by 13.1% during the first quarter. Jericho Capital Asset Management L.P. now owns 1,592,792 shares of the Wireless communications provider's stock valued at $58,137,000 after buying an additional 184,000 shares during the last quarter. TCW Group Inc. grew its stake in shares of United States Cellular by 200.8% in the 2nd quarter. TCW Group Inc. now owns 212,294 shares of the Wireless communications provider's stock worth $11,850,000 after acquiring an additional 141,713 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in United States Cellular by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider's stock valued at $128,349,000 after buying an additional 72,843 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its holdings in shares of United States Cellular by 22.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 360,000 shares of the Wireless communications provider's stock valued at $13,140,000 after acquiring an additional 65,000 shares in the last quarter. Institutional investors and hedge funds own 18.03% of the company's stock.

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.