Swiss National Bank Increases Stake in United States Cellular Co. (NYSE:USM)

Swiss National Bank grew its position in United States Cellular Co. (NYSE:USM) by 1.3% during the 4th quarter, Holdings Channel reports. The fund owned 31,300 shares of the Wireless communications provider’s stock after buying an additional 400 shares during the quarter. Swiss National Bank’s holdings in United States Cellular were worth $1,963,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd acquired a new position in United States Cellular during the fourth quarter worth $38,000. Amundi boosted its position in shares of United States Cellular by 17.6% during the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock worth $99,000 after purchasing an additional 244 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of United States Cellular by 1,917.3% during the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 2,109 shares during the period. Invesco LLC acquired a new position in shares of United States Cellular during the 4th quarter worth $219,000. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of United States Cellular by 6.3% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider’s stock valued at $227,000 after purchasing an additional 245 shares in the last quarter. 18.03% of the stock is currently owned by institutional investors and hedge funds.

United States Cellular Trading Down 0.9 %

Shares of USM stock opened at $69.36 on Friday. The stock has a market cap of $5.90 billion, a P/E ratio of -192.65 and a beta of 0.46. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. United States Cellular Co. has a fifty-two week low of $33.38 and a fifty-two week high of $70.49. The business has a fifty day simple moving average of $65.32 and a 200-day simple moving average of $62.16.

United States Cellular (NYSE:USM) last posted its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.15. The firm had revenue of $970.00 million during the quarter, compared to the consensus estimate of $964.70 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. During the same period last year, the firm posted $0.23 EPS. On average, analysts forecast that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of United States Cellular from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. StockNews.com raised United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday, February 21st.

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.