Zurcher Kantonalbank Zurich Cantonalbank Has $190,000 Stake in United States Cellular Co. (NYSE:USM)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in United States Cellular Co. (NYSE:USM) by 32.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,580 shares of the Wireless communications provider’s stock after buying an additional 1,117 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in United States Cellular were worth $190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in shares of United States Cellular in the third quarter valued at $149,000. Aigen Investment Management LP bought a new position in shares of United States Cellular in the 3rd quarter valued at about $206,000. Advisor Partners II LLC acquired a new position in shares of United States Cellular during the 3rd quarter worth about $215,000. Graham Capital Management L.P. bought a new stake in shares of United States Cellular in the 3rd quarter valued at about $228,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in United States Cellular in the 3rd quarter valued at about $400,000. 18.03% of the stock is owned by institutional investors.

United States Cellular Trading Down 1.4 %

United States Cellular stock opened at $35.59 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 1.55. The stock has a 50-day simple moving average of $35.60 and a 200 day simple moving average of $39.63. The stock has a market capitalization of $3.03 billion, a P/E ratio of 53.12 and a beta of 0.45. United States Cellular Co. has a 52 week low of $13.79 and a 52 week high of $48.47.

United States Cellular (NYSE:USM) last posted its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). United States Cellular had a return on equity of 1.30% and a net margin of 1.55%. The business had revenue of $950.00 million for the quarter, compared to analyst estimates of $957.75 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The firm’s revenue was down 3.7% compared to the same quarter last year. Analysts expect that United States Cellular Co. will post 0.74 earnings per share for the current 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.