Algert Global LLC Acquires 52,806 Shares of United States Cellular Co. (NYSE:USM)

Algert Global LLC boosted its holdings in shares of United States Cellular Co. (NYSE:USM) by 220.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 76,726 shares of the Wireless communications provider’s stock after purchasing an additional 52,806 shares during the quarter. Algert Global LLC owned about 0.09% of United States Cellular worth $4,283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USM. Principal Financial Group Inc. raised its stake in United States Cellular by 44.6% during the 4th quarter. Principal Financial Group Inc. now owns 15,709 shares of the Wireless communications provider’s stock valued at $653,000 after purchasing an additional 4,846 shares during the period. Clear Street Markets LLC bought a new stake in United States Cellular during the 4th quarter valued at approximately $105,000. SageView Advisory Group LLC bought a new stake in United States Cellular during the 4th quarter valued at approximately $310,000. Cannon Global Investment Management LLC purchased a new position in United States Cellular during the 1st quarter valued at approximately $522,000. Finally, Empowered Funds LLC grew its holdings in United States Cellular by 8.3% during the 1st quarter. Empowered Funds LLC now owns 190,665 shares of the Wireless communications provider’s stock valued at $6,959,000 after buying an additional 14,678 shares in the last quarter. Institutional investors own 18.03% of the company’s stock.

United States Cellular Stock Performance

NYSE USM opened at $54.72 on Tuesday. The stock has a market capitalization of $4.71 billion, a PE ratio of 81.67 and a beta of 0.48. The business has a 50 day simple moving average of $54.25 and a two-hundred day simple moving average of $48.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.55 and a quick ratio of 1.39. United States Cellular Co. has a 1-year low of $32.01 and a 1-year high of $60.14.

United States Cellular (NYSE:USM) last released its quarterly earnings results on Friday, August 2nd. The Wireless communications provider reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.06. The business had revenue of $927.00 million during the quarter, compared to analysts’ expectations of $924.96 million. United States Cellular had a return on equity of 1.55% and a net margin of 1.88%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 EPS. On average, research analysts predict that United States Cellular Co. will post 0.61 EPS for the current fiscal year.

Insider Buying and Selling at United States Cellular

In other United States Cellular news, EVP Kevin R. Lowell sold 37,597 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $49.34, for a total transaction of $1,855,035.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by company insiders.

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.