California State Teachers Retirement System Trims Position in United States Cellular Co. (NYSE:USM)

California State Teachers Retirement System cut its holdings in shares of United States Cellular Co. (NYSE:USM) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,705 shares of the Wireless communications provider’s stock after selling 173 shares during the period. California State Teachers Retirement System’s holdings in United States Cellular were worth $860,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in shares of 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 buying an additional 882 shares during the period. Amundi increased its stake in shares of United States Cellular by 17.6% during the fourth quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock valued at $99,000 after buying an additional 244 shares during the period. BNP Paribas Financial Markets increased its stake in shares of United States Cellular by 37.6% during the fourth 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 period. Venturi Wealth Management LLC increased its stake in shares of United States Cellular by 1,917.3% during the fourth 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 during the period. Finally, Vestcor Inc purchased a new position in shares of United States Cellular during the fourth quarter valued at approximately $187,000. 18.03% of the stock is owned by hedge funds and other institutional investors.

United States Cellular Price Performance

Shares of USM stock opened at $62.63 on Wednesday. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of -173.97 and a beta of 0.35. The business’s fifty day moving average is $63.88 and its 200 day moving average is $64.14. United States Cellular Co. has a twelve month low of $47.59 and a twelve month high of $70.79. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

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

Analyst Ratings Changes

USM has been the topic of several recent research reports. Raymond James reaffirmed an “outperform” rating and issued a $78.00 price target (down from $83.00) on shares of United States Cellular in a research note on Monday, May 5th. JPMorgan Chase & Co. reduced their price target on United States Cellular from $88.00 to $85.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 28th. Finally, Wall Street Zen raised United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday, February 21st.

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.