TCW Group Inc. Sells 9,401 Shares of United States Cellular Co. (NYSE:USM)

TCW Group Inc. decreased its position in United States Cellular Co. (NYSE:USM - Free Report) by 4.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 202,893 shares of the Wireless communications provider's stock after selling 9,401 shares during the period. TCW Group Inc. owned approximately 0.24% of United States Cellular worth $11,088,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in USM. Summit Securities Group LLC acquired a new position in shares of United States Cellular in the second quarter worth about $28,000. SG Americas Securities LLC purchased a new position in United States Cellular during the 2nd quarter worth approximately $115,000. Bailard Inc. purchased a new stake in shares of United States Cellular in the second quarter valued at $207,000. Invesco LLC acquired a new stake in shares of United States Cellular in the second quarter worth $214,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of United States Cellular during the second quarter valued at $218,000. Institutional investors and hedge funds own 18.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on shares of United States Cellular from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. StockNews.com raised shares of United States Cellular from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th. Finally, Raymond James upgraded United States Cellular from a "market perform" rating to an "outperform" rating and set a $86.00 price objective for the company in a report on Thursday, November 7th.

United States Cellular Stock Performance

United States Cellular stock traded up $1.31 during trading hours on Thursday, hitting $62.73. The stock had a trading volume of 132,360 shares, compared to its average volume of 227,334. The company has a 50-day moving average of $61.25 and a two-hundred day moving average of $56.81. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. United States Cellular Co. has a fifty-two week low of $32.01 and a fifty-two week high of $68.31. The company has a market cap of $5.39 billion, a PE ratio of -174.25 and a beta of 0.48.

United States Cellular (NYSE:USM - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. The firm had revenue of $922.00 million for the quarter, compared to analyst estimates of $940.40 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The business's revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, equities research analysts anticipate that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

United States Cellular Company Profile

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.