Nisa Investment Advisors LLC Sells 400 Shares of United States Cellular Corporation (NYSE:USM)

Nisa Investment Advisors LLC trimmed its position in United States Cellular Corporation (NYSE:USM) by 7.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,900 shares of the Wireless communications provider’s stock after selling 400 shares during the period. Nisa Investment Advisors LLC’s holdings in United States Cellular were worth $339,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Amundi lifted its holdings 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 acquiring an additional 244 shares during the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of United States Cellular by 1.4% during the 1st quarter. Central Pacific Bank Trust Division now owns 21,900 shares of the Wireless communications provider’s stock worth $1,514,000 after acquiring an additional 300 shares during the last quarter. Swiss National Bank lifted its holdings in shares of United States Cellular by 1.3% during the 4th quarter. Swiss National Bank now owns 31,300 shares of the Wireless communications provider’s stock worth $1,963,000 after acquiring an additional 400 shares during 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 worth $104,000 after acquiring an additional 453 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of United States Cellular by 9.2% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 7,260 shares of the Wireless communications provider’s stock worth $454,000 after acquiring an additional 609 shares during the last quarter. 18.03% of the stock is owned by institutional investors.

United States Cellular Price Performance

Shares of USM opened at $68.68 on Thursday. The stock has a market cap of $5.84 billion, a PE ratio of -149.29 and a beta of 0.35. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.70. United States Cellular Corporation has a fifty-two week low of $47.59 and a fifty-two week high of $70.79. The firm’s 50-day simple moving average is $62.78 and its two-hundred day simple moving average is $64.31.

United States Cellular (NYSE:USM) last issued its earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.16). The firm had revenue of $891.00 million during the quarter, compared to the consensus estimate of $924.90 million. United States Cellular had a positive return on equity of 1.36% and a negative net margin of 1.05%. Analysts anticipate that United States Cellular Corporation will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

USM has been the topic of a number of recent research reports. Raymond James Financial reaffirmed an “outperform” rating and set a $78.00 price objective (down from $83.00) on shares of United States Cellular in a research note on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective 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.

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.