SG Americas Securities LLC Has $260,000 Stake in United States Cellular Co. (NYSE:USM)

SG Americas Securities LLC raised its stake in United States Cellular Co. (NYSE:USM) by 130.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,762 shares of the Wireless communications provider’s stock after acquiring an additional 2,694 shares during the quarter. SG Americas Securities LLC’s holdings in United States Cellular were worth $260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Summit Securities Group LLC bought a new position in shares of United States Cellular in the second quarter worth about $28,000. Bailard Inc. bought a new position in shares of United States Cellular in the second quarter worth about $207,000. Invesco LLC bought a new position in shares of United States Cellular in the second quarter worth about $214,000. The Manufacturers Life Insurance Company bought a new position in shares of United States Cellular in the second quarter worth about $218,000. Finally, Johnson Investment Counsel Inc. bought a new position in shares of United States Cellular in the second quarter worth about $234,000. Institutional investors own 18.03% of the company’s stock.

Insider Activity at United States Cellular

In related news, EVP Kevin R. Lowell sold 37,597 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $49.34, for a total value of $1,855,035.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

United States Cellular Stock Up 7.2 %

USM stock opened at $62.95 on Monday. The firm has a 50-day moving average price of $55.49 and a 200-day moving average price of $50.51. The stock has a market capitalization of $5.41 billion, a P/E ratio of 76.77 and a beta of 0.48. United States Cellular Co. has a 12 month low of $32.01 and a 12 month high of $67.84. The company has a current ratio of 1.55, a quick ratio of 1.39 and a debt-to-equity ratio of 0.62.

United States Cellular (NYSE:USM) last issued its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. The business had revenue of $927.00 million during the quarter, compared to analyst estimates of $924.96 million. United States Cellular had a net margin of 1.88% and a return on equity of 1.55%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.05 EPS. As a group, equities research analysts anticipate that United States Cellular Co. will post 0.61 EPS for the current fiscal 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.