Empowered Funds LLC lowered its position in shares of United States Cellular Co. (NYSE:USM - Free Report) by 55.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 91,122 shares of the Wireless communications provider's stock after selling 114,339 shares during the quarter. Empowered Funds LLC owned 0.11% of United States Cellular worth $4,980,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in USM. TCW Group Inc. grew its stake in shares of United States Cellular by 200.8% during the 2nd quarter. TCW Group Inc. now owns 212,294 shares of the Wireless communications provider's stock worth $11,850,000 after purchasing an additional 141,713 shares during the period. Gabelli Funds LLC boosted its holdings in United States Cellular by 1.5% during the first quarter. Gabelli Funds LLC now owns 659,515 shares of the Wireless communications provider's stock worth $24,072,000 after buying an additional 9,815 shares in the last quarter. Dimensional Fund Advisors LP grew its position in United States Cellular by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider's stock worth $128,349,000 after buying an additional 72,843 shares during the period. Seven Eight Capital LP purchased a new position in United States Cellular in the second quarter valued at about $589,000. Finally, Sei Investments Co. acquired a new stake in shares of United States Cellular during the 2nd quarter valued at approximately $543,000. Institutional investors and hedge funds own 18.03% of the company's stock.
United States Cellular Trading Up 0.2 %
Shares of NYSE:USM traded up $0.13 during trading on Monday, reaching $61.67. The stock had a trading volume of 108,401 shares, compared to its average volume of 236,051. United States Cellular Co. has a fifty-two week low of $32.01 and a fifty-two week high of $68.31. The business has a fifty day moving average price of $58.49 and a 200-day moving average price of $54.19. The stock has a market cap of $5.30 billion, a P/E ratio of -171.30 and a beta of 0.47. 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 (NYSE:USM - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share 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 the consensus estimate of $940.40 million. During the same period in the previous year, the firm posted $0.26 EPS. United States Cellular's revenue was down 4.3% on a year-over-year basis. As a group, analysts anticipate that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts have weighed in on USM shares. StockNews.com raised United States Cellular from a "sell" rating to a "hold" rating in a report on Wednesday, November 13th. 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 research note on Monday, November 4th. Finally, Raymond James raised United States Cellular from a "market perform" rating to an "outperform" rating and set a $86.00 price target for the company in a research report on Thursday, November 7th.
Check Out Our Latest Stock 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.
Featured Articles
Before you consider United States Cellular, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United States Cellular wasn't on the list.
While United States Cellular currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
