First Quadrant L P CA Cuts Holdings in United States Cellular Corp (USM)

First Quadrant L P CA lowered its position in United States Cellular Corp (NYSE:USM) by 11.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,001 shares of the Wireless communications provider’s stock after selling 3,224 shares during the quarter. First Quadrant L P CA’s holdings in United States Cellular were worth $1,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of USM. Acadian Asset Management LLC purchased a new stake in United States Cellular in the second quarter worth approximately $14,753,000. Millennium Management LLC boosted its stake in United States Cellular by 38.1% in the first quarter. Millennium Management LLC now owns 518,513 shares of the Wireless communications provider’s stock worth $20,839,000 after buying an additional 143,103 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in United States Cellular by 9.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,443,736 shares of the Wireless communications provider’s stock worth $53,476,000 after buying an additional 123,280 shares in the last quarter. Renaissance Technologies LLC boosted its stake in United States Cellular by 8.6% in the second quarter. Renaissance Technologies LLC now owns 828,000 shares of the Wireless communications provider’s stock worth $30,669,000 after buying an additional 65,400 shares in the last quarter. Finally, James Investment Research Inc. purchased a new stake in United States Cellular in the second quarter worth approximately $2,103,000. 15.53% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Steven T. Campbell sold 2,362 shares of the firm’s stock in a transaction on Thursday, August 9th. The stock was sold at an average price of $42.12, for a total value of $99,487.44. Following the completion of the sale, the executive vice president now owns 36,372 shares of the company’s stock, valued at $1,531,988.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jay Ellison sold 11,931 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $40.11, for a total value of $478,552.41. The disclosure for this sale can be found here. In the last three months, insiders have sold 23,769 shares of company stock valued at $997,088. Insiders own 1.60% of the company’s stock.



Several analysts have issued reports on USM shares. ValuEngine raised United States Cellular from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Citigroup increased their price objective on United States Cellular from $49.00 to $51.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research lowered United States Cellular from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 8th. Finally, JPMorgan Chase & Co. lowered United States Cellular from a “neutral” rating to an “underweight” rating and set a $43.00 price objective for the company. in a research note on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $48.67.

NYSE:USM opened at $45.69 on Friday. The company has a market cap of $3.98 billion, a PE ratio of 43.45, a P/E/G ratio of 41.88 and a beta of 0.54. United States Cellular Corp has a fifty-two week low of $32.06 and a fifty-two week high of $50.12. The company has a quick ratio of 2.66, a current ratio of 2.90 and a debt-to-equity ratio of 0.41.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, August 3rd. The Wireless communications provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.37. The firm had revenue of $974.00 million during the quarter, compared to analyst estimates of $960.58 million. United States Cellular had a return on equity of 2.78% and a net margin of 1.74%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Sell-side analysts anticipate that United States Cellular Corp will post 1.11 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 postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.

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Institutional Ownership by Quarter for United States Cellular (NYSE:USM)

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