SG Americas Securities LLC Raises Position in United States Cellular Co. (NYSE:USM)

SG Americas Securities LLC increased its position in shares of United States Cellular Co. (NYSE:USM - Free Report) by 262.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,275 shares of the Wireless communications provider's stock after buying an additional 12,513 shares during the quarter. SG Americas Securities LLC's holdings in United States Cellular were worth $1,083,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in USM. Algert Global LLC increased its holdings in United States Cellular by 220.8% during the 2nd quarter. Algert Global LLC now owns 76,726 shares of the Wireless communications provider's stock worth $4,283,000 after purchasing an additional 52,806 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in United States Cellular by 28.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider's stock worth $7,816,000 after purchasing an additional 31,934 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in United States Cellular by 34.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider's stock worth $2,879,000 after purchasing an additional 13,467 shares in the last quarter. State Street Corp increased its holdings in United States Cellular by 13.0% during the 3rd quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider's stock worth $5,812,000 after purchasing an additional 12,219 shares in the last quarter. Finally, Sei Investments Co. bought a new stake in United States Cellular during the 2nd quarter worth approximately $543,000. 18.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on USM. Raymond James raised 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. StockNews.com raised United States Cellular from a "sell" rating to a "hold" rating in a report on Wednesday. Finally, Wells Fargo & Company upped their target price on United States Cellular from $75.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, November 4th.

United States Cellular Stock Performance

Shares of USM stock traded down $0.67 during trading on Friday, hitting $62.85. The company's stock had a trading volume of 121,073 shares, compared to its average volume of 106,150. The company has a market cap of $5.41 billion, a PE ratio of -174.58 and a beta of 0.48. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average of $62.64 and a 200-day moving average of $58.87. United States Cellular Co. has a 52 week low of $32.01 and a 52 week high of $68.31.

United States Cellular (NYSE:USM - Get Free Report) last released its 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. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The company had revenue of $922.00 million during the quarter, compared to analyst estimates of $940.40 million. During the same period in the prior year, the company posted $0.26 earnings per share. United States Cellular's quarterly revenue was down 4.3% on a year-over-year basis. As a group, research analysts anticipate that United States Cellular Co. will post 0.57 earnings per share for the current year.

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.