SG Americas Securities LLC Purchases Shares of 2,068 United States Cellular Co. (NYSE:USM)

SG Americas Securities LLC acquired a new stake in shares of United States Cellular Co. (NYSE:USM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,068 shares of the Wireless communications provider’s stock, valued at approximately $115,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 valued at $190,000 after acquiring an additional 1,117 shares during the period. Teacher Retirement System of Texas raised its stake in shares of United States Cellular by 43.5% during the 4th quarter. Teacher Retirement System of Texas now owns 17,739 shares of the Wireless communications provider’s stock worth $737,000 after buying an additional 5,376 shares during the period. Jump Financial LLC purchased a new position in United States Cellular during the fourth quarter valued at $789,000. Dimensional Fund Advisors LP lifted its stake in United States Cellular by 5.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,166,357 shares of the Wireless communications provider’s stock valued at $89,991,000 after buying an additional 104,911 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of United States Cellular by 44.6% in the fourth quarter. Principal Financial Group Inc. now owns 15,709 shares of the Wireless communications provider’s stock worth $653,000 after acquiring an additional 4,846 shares during the last quarter. Institutional investors and hedge funds own 18.03% of the company’s stock.

Insider Transactions at United States Cellular

In related news, EVP Kevin R. Lowell sold 37,597 shares of the stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $49.34, for a total transaction of $1,855,035.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Wells Fargo & Company raised shares of United States Cellular from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $75.00 in a research note on Thursday, May 30th. JPMorgan Chase & Co. increased their price objective on United States Cellular from $51.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th.

United States Cellular Trading Down 1.6 %

NYSE USM opened at $54.50 on Tuesday. United States Cellular Co. has a 12 month low of $32.01 and a 12 month high of $60.14. The stock has a market capitalization of $4.69 billion, a P/E ratio of 81.34 and a beta of 0.53. The firm’s 50-day moving average is $54.07 and its two-hundred day moving average is $44.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.55 and a quick ratio of 1.39.

United States Cellular (NYSE:USM) last posted its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. United States Cellular had a net margin of 1.88% and a return on equity of 1.55%. The firm had revenue of $927.00 million during the quarter, compared to analysts’ expectations of $924.96 million. During the same quarter last year, the company posted $0.05 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that United States Cellular Co. will post 0.46 earnings per share for the current year.

United States Cellular Company 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.