Algert Global LLC Has $4.28 Million Position in United States Cellular Co. (NYSE:USM)

Algert Global LLC lifted its holdings in shares of United States Cellular Co. (NYSE:USM - Free Report) by 220.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,726 shares of the Wireless communications provider's stock after buying an additional 52,806 shares during the period. Algert Global LLC owned approximately 0.09% of United States Cellular worth $4,283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Point72 Asset Management L.P. acquired a new stake in United States Cellular in the second quarter worth approximately $22,394,000. Jericho Capital Asset Management L.P. increased its holdings in shares of United States Cellular by 13.1% in 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 in the last quarter. TCW Group Inc. increased its holdings in shares of United States Cellular by 200.8% in the second quarter. TCW Group Inc. now owns 212,294 shares of the Wireless communications provider's stock valued at $11,850,000 after buying an additional 141,713 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of United States Cellular by 3.3% in the second 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 in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased 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 buying an additional 65,000 shares in the last quarter. 18.03% of the stock is currently owned by institutional investors and hedge funds.

United States Cellular Stock Up 1.5 %

NYSE:USM traded up $0.81 during trading hours on Tuesday, hitting $55.46. 57,475 shares of the stock traded hands, compared to its average volume of 247,555. The firm has a 50 day moving average price of $54.25 and a 200 day moving average price of $48.45. The company has a current ratio of 1.55, a quick ratio of 1.39 and a debt-to-equity ratio of 0.62. United States Cellular Co. has a fifty-two week low of $32.01 and a fifty-two week high of $60.14. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 82.78 and a beta of 0.48.

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

Insider Transactions at United States Cellular

In other news, EVP Kevin R. Lowell sold 37,597 shares of the company's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $49.34, for a total value of $1,855,035.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

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.