Promus Capital LLC Takes $1.40 Million Position in United States Cellular Co. (NYSE:USM)

Promus Capital LLC bought a new position in United States Cellular Co. (NYSE:USM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,274 shares of the Wireless communications provider's stock, valued at approximately $1,397,000. United States Cellular makes up approximately 1.3% of Promus Capital LLC's investment portfolio, making the stock its 15th biggest position.

Other hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of United States Cellular during the fourth quarter worth $38,000. Venturi Wealth Management LLC raised its stake in United States Cellular by 1,917.3% in the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider's stock worth $139,000 after acquiring an additional 2,109 shares during the last quarter. Invesco LLC acquired a new stake in United States Cellular during the 4th quarter worth about $219,000. The Manufacturers Life Insurance Company lifted its position in United States Cellular by 6.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider's stock worth $227,000 after acquiring an additional 245 shares during the period. Finally, Ionic Capital Management LLC purchased a new stake in United States Cellular during the 3rd quarter valued at about $246,000. 18.03% of the stock is owned by hedge funds and other institutional investors.

United States Cellular Stock Performance

USM traded up $0.68 during midday trading on Friday, hitting $65.21. 86,322 shares of the company were exchanged, compared to its average volume of 122,566. The company's 50 day simple moving average is $64.00 and its 200 day simple moving average is $60.96. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of -181.12 and a beta of 0.46. United States Cellular Co. has a 1-year low of $33.38 and a 1-year high of $69.20. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63.

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United States Cellular (NYSE:USM - Get Free Report) last posted 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. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $964.70 million. During the same period last year, the company earned $0.23 earnings per share. As a group, sell-side analysts predict that United States Cellular Co. will post 0.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.