United States Cellular Co. (NYSE:USM) Shares Acquired by Barclays PLC

Barclays PLC raised its holdings in shares of United States Cellular Co. (NYSE:USM) by 10.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,636 shares of the Wireless communications provider’s stock after acquiring an additional 2,405 shares during the period. Barclays PLC’s holdings in United States Cellular were worth $1,345,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Point72 Asset Management L.P. acquired a new position in shares of United States Cellular in the 2nd quarter valued at $22,394,000. Dimensional Fund Advisors LP lifted its stake in shares of United States Cellular by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider’s stock valued at $128,349,000 after purchasing an additional 72,843 shares during the period. Algert Global LLC lifted its stake in shares of United States Cellular by 220.8% in the 2nd quarter. Algert Global LLC now owns 76,726 shares of the Wireless communications provider’s stock valued at $4,283,000 after purchasing an additional 52,806 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of United States Cellular by 28.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider’s stock valued at $7,816,000 after purchasing an additional 31,934 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of United States Cellular by 8.7% in the 2nd quarter. American Century Companies Inc. now owns 327,931 shares of the Wireless communications provider’s stock valued at $18,305,000 after purchasing an additional 26,369 shares during the period. 18.03% of the stock is currently owned by institutional investors and hedge funds.

United States Cellular Trading Down 0.3 %

Shares of USM opened at $60.87 on Monday. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. United States Cellular Co. has a 12-month low of $32.01 and a 12-month high of $68.31. The firm has a 50-day moving average price of $62.57 and a 200 day moving average price of $58.15. The firm has a market capitalization of $5.23 billion, a P/E ratio of -169.08 and a beta of 0.48.

United States Cellular (NYSE:USM) last posted its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The company had revenue of $922.00 million for the quarter, compared to analysts’ expectations of $940.40 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. United States Cellular’s revenue for the quarter was down 4.3% compared to the same quarter last year. Sell-side analysts forecast that United States Cellular Co. will post 0.57 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on USM. StockNews.com upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a research note on Saturday. Raymond James raised shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price target on shares of United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, November 4th.

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.