Skylands Capital LLC purchased a new stake in United States Cellular Co. (NYSE:USM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,300 shares of the Wireless communications provider's stock, valued at approximately $1,022,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in USM. R Squared Ltd purchased a new stake in shares of United States Cellular in the fourth quarter valued at $38,000. Venturi Wealth Management LLC lifted 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 in 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 grew its stake 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 valued at $227,000 after acquiring an additional 245 shares in the last quarter. Finally, Ionic Capital Management LLC acquired a new position in shares of United States Cellular in the 3rd quarter valued at about $246,000. Institutional investors and hedge funds own 18.03% of the company's stock.
United States Cellular Stock Down 0.8 %
Shares of USM stock traded down $0.55 on Thursday, hitting $65.00. The company's stock had a trading volume of 80,103 shares, compared to its average volume of 121,874. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of -180.54 and a beta of 0.47. United States Cellular Co. has a fifty-two week low of $33.33 and a fifty-two week high of $69.20. The firm's fifty day moving average price is $63.67 and its 200-day moving average price is $60.41.
United States Cellular (NYSE:USM - Get Free Report) last posted its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share 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 during the quarter, compared to analyst estimates of $964.70 million. During the same period in the previous year, the company earned $0.23 EPS. Research analysts anticipate that United States Cellular Co. will post 0.57 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts have issued reports on USM shares. Raymond James upgraded shares of United States Cellular from a "market perform" rating to an "outperform" rating and set a $86.00 target price for the company in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on United States Cellular from $75.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. StockNews.com raised United States Cellular from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their price target on United States Cellular from $86.00 to $88.00 and gave the company an "overweight" rating in a research note on Monday.
View Our Latest Report on USM
United States Cellular Profile
(
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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