Trexquant Investment LP Boosts Stake in United States Cellular Co. (NYSE:USM)

Trexquant Investment LP boosted its holdings in shares of United States Cellular Co. (NYSE:USMFree Report) by 7.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,598 shares of the Wireless communications provider’s stock after buying an additional 850 shares during the quarter. Trexquant Investment LP’s holdings in United States Cellular were worth $523,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in USM. Jericho Capital Asset Management L.P. acquired a new stake in United States Cellular during the 3rd quarter worth approximately $51,753,000. Third Point LLC acquired a new stake in United States Cellular during the 3rd quarter worth approximately $23,433,000. Loomis Sayles & Co. L P lifted its holdings in 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. Invesco Ltd. acquired a new stake in United States Cellular during the 3rd quarter worth approximately $11,395,000. Finally, FMR LLC lifted its holdings in United States Cellular by 289.6% during the 3rd quarter. FMR LLC now owns 250,473 shares of the Wireless communications provider’s stock worth $10,763,000 after buying an additional 186,183 shares in the last quarter. 18.03% of the stock is currently owned by institutional investors and hedge funds.

United States Cellular Stock Up 9.3 %

Shares of NYSE:USM opened at $55.46 on Friday. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 82.78 and a beta of 0.45. The firm’s 50-day simple moving average is $39.15 and its 200-day simple moving average is $40.02. The company has a quick ratio of 1.46, a current ratio of 1.67 and a debt-to-equity ratio of 0.65. United States Cellular Co. has a fifty-two week low of $13.79 and a fifty-two week high of $56.97.

United States Cellular (NYSE:USMGet Free Report) last posted its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). The firm had revenue of $950.00 million during the quarter, compared to analyst estimates of $957.75 million. United States Cellular had a net margin of 1.55% and a return on equity of 1.30%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. As a group, equities research analysts predict that United States Cellular Co. will post 0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on USM shares. Wells Fargo & Company upgraded shares of United States Cellular from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $38.00 to $75.00 in a report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of United States Cellular from $51.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday.

Read Our Latest Research Report on USM

United States Cellular 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.

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

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