9,735 Shares in United States Cellular Co. (NYSE:USM) Acquired by Sei Investments Co.

Sei Investments Co. bought a new position in shares of United States Cellular Co. (NYSE:USM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,735 shares of the Wireless communications provider's stock, valued at approximately $543,000.

Several other institutional investors and hedge funds also recently made changes to their positions in USM. Summit Securities Group LLC acquired a new position in United States Cellular during the second quarter valued at approximately $28,000. SG Americas Securities LLC acquired a new stake in United States Cellular during the 2nd quarter worth $115,000. Clear Street Markets LLC acquired a new position in United States Cellular in the fourth quarter valued at about $105,000. Bailard Inc. bought a new stake in shares of United States Cellular in the second quarter worth about $207,000. Finally, Invesco LLC bought a new position in shares of United States Cellular during the 2nd quarter valued at about $214,000. Institutional investors own 18.03% of the company's stock.

Insider Transactions at United States Cellular

In related news, EVP Kevin R. Lowell sold 37,597 shares of the firm'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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company's stock.

United States Cellular Stock Down 0.4 %

NYSE USM traded down $0.24 during trading hours on Thursday, reaching $55.02. 58,471 shares of the company's stock were exchanged, compared to its average volume of 242,157. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.39 and a current ratio of 1.55. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 82.12 and a beta of 0.48. The company's 50-day moving average is $54.62 and its two-hundred day moving average is $49.38. United States Cellular Co. has a one year low of $32.01 and a one year high of $60.14.

United States Cellular (NYSE:USM - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. The business had revenue of $927.00 million for the quarter, compared to analysts' expectations of $924.96 million. United States Cellular had a net margin of 1.88% and a return on equity of 1.55%. The firm's revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. On average, analysts forecast that United States Cellular Co. will post 0.61 EPS for the current fiscal year.

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.