United States Cellular Co. (NYSE:USM) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC lessened its holdings in shares of United States Cellular Co. (NYSE:USM) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 16,789 shares of the Wireless communications provider’s stock after selling 359 shares during the quarter. New York Life Investment Management LLC’s holdings in United States Cellular were worth $697,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Jericho Capital Asset Management L.P. bought a new stake in shares of United States Cellular during the third quarter valued at about $51,753,000. Loomis Sayles & Co. L P raised its position in shares of United States Cellular by 101.7% during the 3rd quarter. Loomis Sayles & Co. L P now owns 725,714 shares of the Wireless communications provider’s stock worth $31,184,000 after buying an additional 365,863 shares in the last quarter. Third Point LLC acquired a new stake in shares of United States Cellular in the 3rd quarter worth approximately $23,433,000. Invesco Ltd. bought a new position in shares of United States Cellular in the third quarter valued at approximately $11,395,000. Finally, FMR LLC increased its stake in shares of United States Cellular by 289.6% during the third quarter. FMR LLC now owns 250,473 shares of the Wireless communications provider’s stock valued at $10,763,000 after acquiring an additional 186,183 shares during the period. Institutional investors own 18.03% of the company’s stock.

United States Cellular Price Performance

Shares of NYSE:USM opened at $35.99 on Thursday. The stock’s 50 day moving average price is $35.64 and its 200 day moving average price is $39.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.33. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 53.72 and a beta of 0.45. United States Cellular Co. has a 12 month low of $13.79 and a 12 month high of $48.47.

United States Cellular (NYSE:USM) last posted its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). United States Cellular had a return on equity of 1.30% and a net margin of 1.55%. The firm had revenue of $950.00 million during the quarter, compared to the consensus estimate of $957.75 million. During the same period in the prior year, the firm posted $0.15 EPS. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. Equities research analysts anticipate that United States Cellular Co. will post 0.74 earnings per share for the current fiscal year.

About United States Cellular

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.