United States Cellular Co. (NYSE:USM) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of United States Cellular Co. (NYSE:USM) by 262.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,275 shares of the Wireless communications provider’s stock after acquiring an additional 12,513 shares during the quarter. SG Americas Securities LLC’s holdings in United States Cellular were worth $1,083,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in USM. Algert Global LLC grew its stake in United States Cellular by 220.8% during the 2nd quarter. Algert Global LLC now owns 76,726 shares of the Wireless communications provider’s stock valued at $4,283,000 after acquiring an additional 52,806 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of United States Cellular by 28.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider’s stock worth $7,816,000 after acquiring an additional 31,934 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of United States Cellular by 34.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider’s stock valued at $2,879,000 after buying an additional 13,467 shares during the period. State Street Corp increased its position in shares of United States Cellular by 13.0% in the 3rd quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider’s stock valued at $5,812,000 after purchasing an additional 12,219 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in United States Cellular in the second quarter valued at approximately $543,000. 18.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on USM. StockNews.com upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Company increased their target price on United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. 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 research report on Thursday, November 7th.

United States Cellular Stock Performance

Shares of NYSE USM opened at $63.61 on Wednesday. The stock has a market capitalization of $5.47 billion, a P/E ratio of -176.68 and a beta of 0.48. United States Cellular Co. has a 52-week low of $32.01 and a 52-week high of $68.31. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average price is $62.68 and its two-hundred day moving average price is $58.76.

United States Cellular (NYSE:USM) last released its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. The company had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $940.40 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.26 earnings per share. As a group, sell-side analysts forecast that United States Cellular Co. will post 0.57 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.