Y Intercept Hong Kong Ltd Invests $226,000 in United States Cellular Corporation (NYSE:USM)

Y Intercept Hong Kong Ltd acquired a new position in shares of United States Cellular Corporation (NYSE:USM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,262 shares of the Wireless communications provider’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Allianz Asset Management GmbH boosted its position in shares of United States Cellular by 25.9% during the 1st quarter. Allianz Asset Management GmbH now owns 4,490 shares of the Wireless communications provider’s stock worth $310,000 after purchasing an additional 924 shares in the last quarter. Mariner Investment Group LLC lifted its position in United States Cellular by 12.9% in the 1st quarter. Mariner Investment Group LLC now owns 35,005 shares of the Wireless communications provider’s stock valued at $2,421,000 after acquiring an additional 4,005 shares in the last quarter. Victory Capital Management Inc. lifted its position in United States Cellular by 222.8% in the 1st quarter. Victory Capital Management Inc. now owns 55,675 shares of the Wireless communications provider’s stock valued at $3,850,000 after acquiring an additional 38,428 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in United States Cellular in the 1st quarter valued at about $195,000. Finally, Handelsbanken Fonder AB bought a new position in United States Cellular in the 1st quarter valued at about $235,000. Institutional investors own 18.03% of the company’s stock.

United States Cellular Trading Up 0.6%

NYSE:USM opened at $72.03 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.70. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of -156.58 and a beta of 0.35. United States Cellular Corporation has a 52 week low of $47.59 and a 52 week high of $76.90. The firm has a 50-day moving average price of $64.46 and a two-hundred day moving average price of $64.88.

United States Cellular (NYSE:USM) last posted its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported $0.21 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 analysts’ expectations of $924.90 million. United States Cellular had a negative net margin of 1.05% and a positive return on equity of 1.36%. On average, equities analysts expect that United States Cellular Corporation will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Raymond James Financial reaffirmed an “outperform” rating and issued a $84.00 price target (up previously from $78.00) on shares of United States Cellular in a research report on Friday, July 25th. JPMorgan Chase & Co. dropped their price target on shares of United States Cellular from $88.00 to $85.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 28th.

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.