14,607 Shares in United States Cellular Co. (NYSE:USM) Acquired by Martingale Asset Management L P

Martingale Asset Management L P acquired a new position in shares of United States Cellular Co. (NYSE:USMGet Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,607 shares of the Wireless communications provider’s stock, valued at approximately $424,000.

A number of other institutional investors have also added to or reduced their stakes in USM. Point72 Hong Kong Ltd acquired a new position in United States Cellular during the 1st quarter worth approximately $32,000. Amalgamated Bank acquired a new position in United States Cellular during the 1st quarter worth approximately $56,000. US Bancorp DE increased its position in United States Cellular by 246.9% during the 2nd quarter. US Bancorp DE now owns 2,456 shares of the Wireless communications provider’s stock worth $71,000 after purchasing an additional 1,748 shares in the last quarter. Quantbot Technologies LP acquired a new position in United States Cellular during the 1st quarter worth approximately $118,000. Finally, Sawtooth Solutions LLC acquired a new position in United States Cellular during the 2nd quarter worth approximately $216,000. 16.39% of the stock is currently owned by institutional investors and hedge funds.

United States Cellular Trading Down 0.1 %

NYSE:USM opened at $21.97 on Wednesday. The firm’s fifty day moving average is $26.38 and its 200-day moving average is $28.30. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.30 and a current ratio of 1.52. United States Cellular Co. has a 52 week low of $21.38 and a 52 week high of $33.00. The firm has a market cap of $1.87 billion, a P/E ratio of 22.42 and a beta of 0.70.

Wall Street Analyst Weigh In

USM has been the topic of a number of research reports. Raymond James lowered shares of United States Cellular from a “strong-buy” rating to a “market perform” rating in a report on Monday, November 7th. JPMorgan Chase & Co. raised shares of United States Cellular from an “underweight” rating to a “neutral” rating and reduced their target price for the stock from $32.00 to $24.00 in a report on Tuesday, November 8th. Finally, StockNews.com initiated coverage on shares of United States Cellular in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, United States Cellular has a consensus rating of “Hold” and a consensus target price of $33.50.

United States Cellular Company Profile

(Get Rating)

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 devices, such as smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and internet of things devices.

Further Reading

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

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