JPMorgan Chase & Co. grew its holdings in United States Cellular Co. (NYSE:USM - Free Report) by 34.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,688 shares of the Wireless communications provider's stock after acquiring an additional 13,467 shares during the period. JPMorgan Chase & Co. owned about 0.06% of United States Cellular worth $2,879,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company purchased a new position in United States Cellular in the 2nd quarter worth approximately $218,000. Ionic Capital Management LLC bought a new stake in United States Cellular in the 3rd quarter valued at $246,000. Quest Partners LLC lifted its stake in United States Cellular by 231.1% in the 3rd quarter. Quest Partners LLC now owns 4,675 shares of the Wireless communications provider's stock worth $255,000 after purchasing an additional 3,263 shares in the last quarter. SG Americas Securities LLC lifted its stake in United States Cellular by 130.3% in the 3rd quarter. SG Americas Securities LLC now owns 4,762 shares of the Wireless communications provider's stock worth $260,000 after purchasing an additional 2,694 shares in the last quarter. Finally, Innealta Capital LLC boosted its holdings in shares of United States Cellular by 22.9% during the 3rd quarter. Innealta Capital LLC now owns 5,329 shares of the Wireless communications provider's stock valued at $291,000 after purchasing an additional 994 shares during the last quarter. 18.03% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on USM shares. Raymond James upgraded United States Cellular from a "market perform" rating to an "outperform" rating and set a $86.00 target price on the stock in a research report on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of United States Cellular from $75.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Finally, StockNews.com upgraded shares of United States Cellular from a "sell" rating to a "hold" rating in a research report on Saturday, January 11th.
View Our Latest Stock Report on USM
United States Cellular Trading Up 2.2 %
Shares of NYSE:USM traded up $1.41 during trading on Monday, hitting $63.98. The company had a trading volume of 74,117 shares, compared to its average volume of 88,788. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of -177.71 and a beta of 0.48. 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 company has a fifty day simple moving average of $62.58 and a two-hundred day simple moving average of $58.41. United States Cellular Co. has a one year low of $32.01 and a one year high of $68.31.
United States Cellular (NYSE:USM - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The business had revenue of $922.00 million during the quarter, compared to the consensus estimate of $940.40 million. During the same quarter last year, the firm earned $0.26 earnings per share. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. As a group, equities analysts forecast that United States Cellular Co. will post 0.57 earnings per share for the current year.
United States Cellular Company 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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