ExodusPoint Capital Management LP Acquires 47,426 Shares of United States Cellular Co. (NYSE:USM)

ExodusPoint Capital Management LP lifted its position in United States Cellular Co. (NYSE:USM - Free Report) by 588.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 55,483 shares of the Wireless communications provider's stock after buying an additional 47,426 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.06% of United States Cellular worth $3,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of USM. 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 acquiring an additional 12,219 shares during the period. Mariner Investment Group LLC purchased a new position in shares of United States Cellular during the 4th quarter valued at $1,944,000. Barclays PLC increased its holdings in shares of United States Cellular by 10.8% in the third quarter. Barclays PLC now owns 24,636 shares of the Wireless communications provider's stock worth $1,345,000 after purchasing an additional 2,405 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of United States Cellular by 34.3% in the third 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 during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in United States Cellular by 20.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 172,948 shares of the Wireless communications provider's stock valued at $10,847,000 after buying an additional 29,927 shares during the period. 18.03% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of equities analysts have weighed in on USM shares. StockNews.com upgraded United States Cellular from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of United States Cellular from $86.00 to $88.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th.

United States Cellular Price Performance

Shares of NYSE USM traded up $1.20 during mid-day trading on Friday, reaching $65.80. 340,195 shares of the company were exchanged, compared to its average volume of 206,108. United States Cellular Co. has a 52 week low of $33.38 and a 52 week high of $70.79. The company's 50 day moving average price is $66.01 and its 200 day moving average price is $63.00. The stock has a market capitalization of $5.59 billion, a PE ratio of -182.78 and a beta of 0.40. 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, February 21st. The Wireless communications provider reported $0.05 earnings per share (EPS) 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 quarter in the previous year, the company posted $0.23 earnings per share. Sell-side analysts forecast that United States Cellular Co. will post 0.57 earnings per share 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.