United States Cellular Co. (NYSE:USM) Holdings Raised by Two Sigma Advisers LP

Two Sigma Advisers LP grew its stake in shares of United States Cellular Co. (NYSE:USM) by 16.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,300 shares of the Wireless communications provider’s stock after acquiring an additional 900 shares during the period. Two Sigma Advisers LP’s holdings in United States Cellular were worth $395,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Lazard Asset Management LLC boosted its position in United States Cellular by 1,837.5% during the fourth quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 882 shares during the last quarter. Amundi raised its stake in shares of United States Cellular by 17.6% during the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock worth $99,000 after purchasing an additional 244 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of United States Cellular by 37.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider’s stock valued at $104,000 after buying an additional 453 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of United States Cellular by 1,917.3% in the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 2,109 shares in the last quarter. Finally, Vestcor Inc acquired a new stake in United States Cellular in the fourth quarter valued at approximately $187,000. 18.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on USM. Wall Street Zen upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. decreased their price objective on shares of United States Cellular from $88.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday, May 28th. Finally, Raymond James restated an “outperform” rating and set a $78.00 target price (down from $83.00) on shares of United States Cellular in a report on Monday, May 5th.

United States Cellular Stock Down 1.9%

Shares of United States Cellular stock opened at $61.32 on Thursday. United States Cellular Co. has a 12-month low of $47.59 and a 12-month high of $70.79. The stock has a market capitalization of $5.21 billion, a P/E ratio of -170.33 and a beta of 0.39. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. The stock has a 50 day moving average price of $64.41 and a two-hundred day moving average price of $64.15.

United States Cellular (NYSE:USM) last posted its earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.16). The firm had revenue of $891.00 million during the quarter, compared to analyst estimates of $924.90 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. Equities analysts expect that United States Cellular Co. will post 0.57 earnings per share for the current 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.