5,300 Shares in United States Cellular Co. (NYSE:USM) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of United States Cellular Co. (NYSE:USM) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,300 shares of the Wireless communications provider’s stock, valued at approximately $332,000.

Other hedge funds have also recently bought and sold shares of the company. R Squared Ltd bought a new position in United States Cellular in the fourth quarter valued at approximately $38,000. Amundi boosted its holdings in shares of United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock valued at $99,000 after purchasing an additional 244 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of United States Cellular by 1,917.3% in the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock valued at $139,000 after purchasing an additional 2,109 shares in the last quarter. Vestcor Inc bought a new position in shares of United States Cellular in the 4th quarter valued at $187,000. Finally, Invesco LLC acquired a new position in shares of United States Cellular during the 4th quarter worth $219,000. 18.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on USM shares. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. raised their price target on shares of United States Cellular from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, February 24th.

United States Cellular Trading Down 6.2 %

Shares of USM stock opened at $64.44 on Friday. 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 has a market capitalization of $5.48 billion, a P/E ratio of -179.00 and a beta of 0.40. United States Cellular Co. has a twelve month low of $33.38 and a twelve month high of $70.79. The stock’s fifty day simple moving average is $65.82 and its 200 day simple moving average is $62.63.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.15. The company had revenue of $970.00 million during the quarter, compared to the consensus estimate of $964.70 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. During the same quarter in the prior year, the firm posted $0.23 earnings per share. As a group, sell-side analysts predict that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

United States Cellular 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.