QS Investors LLC Boosts Holdings in United States Cellular Corp (USM)

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QS Investors LLC boosted its holdings in shares of United States Cellular Corp (NYSE:USM) by 5,553.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,840 shares of the Wireless communications provider’s stock after acquiring an additional 66,640 shares during the quarter. QS Investors LLC’s holdings in United States Cellular were worth $3,526,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of USM. Acadian Asset Management LLC grew its holdings in United States Cellular by 37.4% during the 4th quarter. Acadian Asset Management LLC now owns 745,055 shares of the Wireless communications provider’s stock worth $38,720,000 after acquiring an additional 202,752 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in United States Cellular by 9.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,575,570 shares of the Wireless communications provider’s stock worth $70,552,000 after acquiring an additional 131,834 shares during the last quarter. Renaissance Technologies LLC grew its holdings in United States Cellular by 11.0% during the 3rd quarter. Renaissance Technologies LLC now owns 918,800 shares of the Wireless communications provider’s stock worth $41,144,000 after acquiring an additional 90,800 shares during the last quarter. BlackRock Inc. grew its holdings in United States Cellular by 8.5% during the 3rd quarter. BlackRock Inc. now owns 1,144,184 shares of the Wireless communications provider’s stock worth $51,237,000 after acquiring an additional 89,651 shares during the last quarter. Finally, American Century Companies Inc. bought a new stake in United States Cellular during the 3rd quarter worth approximately $3,983,000. 16.53% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of United States Cellular from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. B. Riley set a $50.00 target price on shares of United States Cellular and gave the stock a “hold” rating in a report on Tuesday, February 26th. Finally, ValuEngine raised shares of United States Cellular from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.80.

In other news, insider Kenneth R. Meyers sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $47.76, for a total value of $1,671,600.00. Following the transaction, the insider now owns 89,174 shares in the company, valued at approximately $4,258,950.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by insiders.

Shares of NYSE USM opened at $47.18 on Friday. The company has a market capitalization of $4.08 billion, a PE ratio of 27.43, a PEG ratio of 34.38 and a beta of 0.68. United States Cellular Corp has a 52-week low of $32.33 and a 52-week high of $59.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.42 and a current ratio of 2.62.

United States Cellular (NYSE:USM) last issued its quarterly earnings results on Friday, February 22nd. The Wireless communications provider reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.09. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. United States Cellular had a net margin of 3.81% and a return on equity of 3.41%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.05 EPS. On average, equities research analysts expect that United States Cellular Corp will post 1.38 EPS for the current year.

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United States Cellular Company Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.

Further Reading: Asset Allocation and Your Retirement

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Institutional Ownership by Quarter for United States Cellular (NYSE:USM)

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