Universal Beteiligungs und Servicegesellschaft mbH Takes $394,000 Position in United States Cellular Corporation (NYSE:USM)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in United States Cellular Corporation (NYSE:USM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,700 shares of the Wireless communications provider’s stock, valued at approximately $394,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division increased its holdings in 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 period. BNP Paribas Financial Markets increased its holdings in 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 period. CANADA LIFE ASSURANCE Co increased its holdings in 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 period. State of Wyoming increased its holdings in United States Cellular by 17.6% during the 4th quarter. State of Wyoming now owns 4,551 shares of the Wireless communications provider’s stock worth $285,000 after acquiring an additional 680 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in United States Cellular by 1,837.5% during the 4th quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 882 shares during the period. Institutional investors own 18.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on USM. JPMorgan Chase & Co. decreased their target price on shares of United States Cellular from $88.00 to $85.00 and set an “overweight” rating on the stock in a report on Wednesday, May 28th. 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.

United States Cellular Price Performance

Shares of NYSE:USM opened at $73.56 on Monday. United States Cellular Corporation has a one year low of $47.59 and a one year high of $76.90. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of -159.91 and a beta of 0.38. The company’s fifty day moving average price is $65.18 and its 200-day moving average price is $65.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.70 and a quick ratio of 1.48.

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 analysts’ expectations of $924.90 million. On average, equities research analysts anticipate that United States Cellular Corporation will post 0.57 earnings per share for the current fiscal year.

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.