XTX Topco Ltd Takes $444,000 Position in United States Cellular Co. (NYSE:USM)

XTX Topco Ltd purchased a new position in shares of United States Cellular Co. (NYSE:USM - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,118 shares of the Wireless communications provider's stock, valued at approximately $444,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in United States Cellular by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider's stock valued at $128,349,000 after acquiring an additional 72,843 shares during the period. Gabelli Funds LLC increased its holdings in shares of United States Cellular by 3.2% in the second quarter. Gabelli Funds LLC now owns 680,300 shares of the Wireless communications provider's stock valued at $37,974,000 after purchasing an additional 20,785 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of United States Cellular during the second quarter worth approximately $22,394,000. American Century Companies Inc. lifted its holdings in shares of United States Cellular by 8.7% during the second quarter. American Century Companies Inc. now owns 327,931 shares of the Wireless communications provider's stock worth $18,305,000 after purchasing an additional 26,369 shares during the period. Finally, FMR LLC grew its position in United States Cellular by 3.5% in the 3rd quarter. FMR LLC now owns 247,985 shares of the Wireless communications provider's stock valued at $13,552,000 after buying an additional 8,416 shares during the last quarter. Hedge funds and other institutional investors own 18.03% of the company's stock.

Analysts Set New Price Targets

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

United States Cellular Price Performance

United States Cellular stock traded up $0.24 during midday trading on Friday, reaching $62.97. The company's stock had a trading volume of 122,821 shares, compared to its average volume of 106,693. The firm has a market capitalization of $5.42 billion, a PE ratio of -174.91 and a beta of 0.48. United States Cellular Co. has a fifty-two week low of $32.01 and a fifty-two week high of $68.31. The stock's 50 day simple moving average is $61.38 and its 200 day simple moving average is $57.10. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57.

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 analysts' consensus estimates of $0.13 by $0.13. The business had revenue of $922.00 million during the quarter, compared to the consensus estimate 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 was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.26 EPS. On average, equities research analysts forecast 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.