DekaBank Deutsche Girozentrale Sells 627 Shares of United States Cellular Co. (NYSE:USM)

DekaBank Deutsche Girozentrale lessened its stake in shares of United States Cellular Co. (NYSE:USM) by 18.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,835 shares of the Wireless communications provider’s stock after selling 627 shares during the period. DekaBank Deutsche Girozentrale’s holdings in United States Cellular were worth $117,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of USM. Tower Research Capital LLC TRC lifted its position in shares of United States Cellular by 157.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,058 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 647 shares during the period. UBS Group AG raised its position in United States Cellular by 85.1% in the 3rd quarter. UBS Group AG now owns 1,146 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 527 shares during the last quarter. Quarry LP bought a new position in United States Cellular in the 1st quarter valued at $31,000. Point72 Hong Kong Ltd bought a new position in United States Cellular in the 1st quarter valued at $32,000. Finally, Citigroup Inc. raised its position in United States Cellular by 64.4% in the 2nd quarter. Citigroup Inc. now owns 1,960 shares of the Wireless communications provider’s stock valued at $35,000 after purchasing an additional 768 shares during the last quarter. Institutional investors own 18.03% of the company’s stock.

United States Cellular Trading Up 0.5 %

Shares of USM opened at $34.00 on Thursday. The stock has a fifty day moving average price of $35.94 and a two-hundred day moving average price of $40.22. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.33 and a current ratio of 1.55. United States Cellular Co. has a 52-week low of $13.79 and a 52-week high of $48.47. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 54.84 and a beta of 0.46.

United States Cellular (NYSE:USM) last issued its quarterly earnings data on Friday, February 16th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.13. United States Cellular had a return on equity of 1.19% and a net margin of 1.41%. The firm had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $984.18 million. During the same quarter in the previous year, the company posted ($0.33) EPS. The business’s revenue for the quarter was down 4.6% compared to the same quarter last year. Analysts predict that United States Cellular Co. will post 0.68 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.