Swiss National Bank Cuts Stock Position in United States Cellular Co. (NYSE:USM)

Swiss National Bank lessened its position in shares of United States Cellular Co. (NYSE:USMFree Report) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,900 shares of the Wireless communications provider’s stock after selling 2,900 shares during the quarter. Swiss National Bank’s holdings in United States Cellular were worth $1,284,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bfsg LLC acquired a new position in shares of United States Cellular during the fourth quarter worth $137,000. Significant Wealth Partners LLC purchased a new stake in United States Cellular in the fourth quarter valued at about $1,918,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in United States Cellular by 32.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,580 shares of the Wireless communications provider’s stock worth $190,000 after acquiring an additional 1,117 shares in the last quarter. Mackenzie Financial Corp grew its stake in shares of United States Cellular by 105.2% during the fourth quarter. Mackenzie Financial Corp now owns 26,291 shares of the Wireless communications provider’s stock worth $1,092,000 after acquiring an additional 13,478 shares during the last quarter. Finally, Jackson Square Capital LLC increased its holdings in shares of United States Cellular by 43.2% during the fourth quarter. Jackson Square Capital LLC now owns 16,303 shares of the Wireless communications provider’s stock valued at $677,000 after acquiring an additional 4,917 shares in the last quarter. Hedge funds and other institutional investors own 18.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on shares of United States Cellular from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, May 13th.

Read Our Latest Analysis on United States Cellular

United States Cellular Stock Up 12.2 %

United States Cellular stock opened at $48.21 on Wednesday. United States Cellular Co. has a fifty-two week low of $13.79 and a fifty-two week high of $49.89. The company has a market cap of $4.10 billion, a PE ratio of 71.96 and a beta of 0.45. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.46 and a current ratio of 1.67. The business’s 50-day simple moving average is $38.31 and its two-hundred day simple moving average is $39.82.

United States Cellular (NYSE:USMGet Free Report) last issued its earnings results 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 net margin of 1.55% and a return on equity of 1.30%. The firm had revenue of $950.00 million during the quarter, compared to analysts’ expectations of $957.75 million. During the same quarter in the prior year, the company earned $0.15 EPS. United States Cellular’s quarterly revenue was down 3.7% on a year-over-year basis. Equities analysts anticipate that United States Cellular Co. will post 0.58 EPS for the current year.

United States Cellular Company Profile

(Free Report)

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.

Further Reading

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

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