Park Capital Management LLC WI purchased a new stake in United States Cellular Co. (NYSE:USM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,315 shares of the Wireless communications provider's stock, valued at approximately $459,000.
Several other hedge funds have also added to or reduced their stakes in USM. R Squared Ltd bought a new stake in shares of United States Cellular during the 4th quarter worth about $38,000. The Manufacturers Life Insurance Company bought a new stake in United States Cellular in the 2nd quarter valued at about $218,000. Invesco LLC acquired a new position in shares of United States Cellular during the 4th quarter worth approximately $219,000. Ionic Capital Management LLC bought a new position in shares of United States Cellular during the third quarter worth approximately $246,000. Finally, Quest Partners LLC raised its position in shares of United States Cellular by 231.1% in the third quarter. Quest Partners LLC now owns 4,675 shares of the Wireless communications provider's stock valued at $255,000 after buying an additional 3,263 shares in the last quarter. Institutional investors and hedge funds own 18.03% of the company's stock.
United States Cellular Price Performance
Shares of USM stock traded up $1.74 during trading hours on Friday, reaching $67.61. The company's stock had a trading volume of 86,335 shares, compared to its average volume of 108,373. United States Cellular Co. has a fifty-two week low of $32.01 and a fifty-two week high of $68.31. The firm's 50 day simple moving average is $62.92 and its 200-day simple moving average is $59.61. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of -187.80 and a beta of 0.47.
Wall Street Analysts Forecast Growth
USM has been the topic of a number of analyst reports. StockNews.com downgraded United States Cellular from a "hold" rating to a "sell" rating in a research report on Thursday. Raymond James raised United States Cellular from a "market perform" rating to an "outperform" rating and set a $86.00 target price on the stock in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price target on United States Cellular from $75.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, November 4th.
View Our Latest Analysis on USM
About United States Cellular
(
Free Report)
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.
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