Blair William & Co. IL Buys New Holdings in United States Cellular Co. (NYSE:USM)

Blair William & Co. IL purchased a new position in shares of United States Cellular Co. (NYSE:USM) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,500 shares of the Wireless communications provider’s stock, valued at approximately $220,000.

A number of other large investors also recently modified their holdings of USM. JPMorgan Chase & Co. lifted its position in shares of United States Cellular by 78.0% during the 4th quarter. JPMorgan Chase & Co. now owns 93,781 shares of the Wireless communications provider’s stock worth $5,882,000 after purchasing an additional 41,093 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in United States Cellular in the fourth quarter valued at $332,000. American Century Companies Inc. lifted its holdings in United States Cellular by 12.4% during the 4th quarter. American Century Companies Inc. now owns 464,685 shares of the Wireless communications provider’s stock worth $29,145,000 after buying an additional 51,362 shares during the last quarter. Vestcor Inc acquired a new position in shares of United States Cellular during the 4th quarter worth about $187,000. Finally, Swiss National Bank increased its holdings in shares of United States Cellular by 1.3% in the 4th quarter. Swiss National Bank now owns 31,300 shares of the Wireless communications provider’s stock valued at $1,963,000 after acquiring an additional 400 shares during the last quarter. 18.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

United States Cellular Trading Down 6.2 %

NYSE:USM opened at $64.44 on Friday. The company has a market capitalization of $5.48 billion, a PE ratio of -179.00 and a beta of 0.40. United States Cellular Co. has a 52-week low of $33.38 and a 52-week high of $70.79. The stock’s 50 day moving average price is $65.82 and its 200 day moving average price is $62.63. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.15. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The business had revenue of $970.00 million for the quarter, compared to analyst estimates of $964.70 million. During the same period last year, the firm posted $0.23 earnings per share. On average, research analysts anticipate that United States Cellular Co. will post 0.57 EPS 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.