Allianz Asset Management GmbH Has $310,000 Stock Holdings in United States Cellular Corporation (NYSE:USM)

Allianz Asset Management GmbH raised its position in shares of United States Cellular Corporation (NYSE:USM) by 25.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,490 shares of the Wireless communications provider’s stock after buying an additional 924 shares during the period. Allianz Asset Management GmbH’s holdings in United States Cellular were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of United States Cellular during the first quarter worth approximately $195,000. Handelsbanken Fonder AB acquired a new stake in shares of United States Cellular during the first quarter worth approximately $235,000. Deutsche Bank AG acquired a new stake in shares of United States Cellular during the fourth quarter worth approximately $431,000. Ameriprise Financial Inc. increased its holdings in shares of United States Cellular by 0.6% during the fourth quarter. Ameriprise Financial Inc. now owns 227,397 shares of the Wireless communications provider’s stock worth $14,262,000 after buying an additional 1,350 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of United States Cellular by 6,815.0% during the first quarter. GAMMA Investing LLC now owns 10,165 shares of the Wireless communications provider’s stock worth $703,000 after buying an additional 10,018 shares in the last quarter. Institutional investors and hedge funds own 18.03% of the company’s stock.

Analyst Ratings Changes

USM has been the subject of a number of research reports. Raymond James Financial reissued an “outperform” rating and issued a $84.00 price target (up previously from $78.00) on shares of United States Cellular in a report on Friday, July 25th. JPMorgan Chase & Co. lowered their price target 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.

United States Cellular Price Performance

Shares of USM stock opened at $73.56 on Monday. United States Cellular Corporation has a 52-week low of $47.59 and a 52-week high of $76.90. The stock has a market cap of $6.25 billion, a PE ratio of -159.91 and a beta of 0.38. 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’s 50 day moving average price is $65.18 and its two-hundred day moving average price is $65.12.

United States Cellular (NYSE:USM) last announced its quarterly earnings data 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). United States Cellular had a negative net margin of 1.05% and a positive return on equity of 1.36%. The business had revenue of $891.00 million during the quarter, compared to the consensus estimate of $924.90 million. As a group, analysts forecast that United States Cellular Corporation will post 0.57 EPS 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.