Quest Partners LLC Has $79,000 Stock Holdings in United States Cellular Co. (NYSE:USM)

Quest Partners LLC lowered its holdings in shares of United States Cellular Co. (NYSE:USM) by 74.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,412 shares of the Wireless communications provider’s stock after selling 4,164 shares during the period. Quest Partners LLC’s holdings in United States Cellular were worth $79,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Teacher Retirement System of Texas grew its stake in shares of United States Cellular by 43.5% in the 4th quarter. Teacher Retirement System of Texas now owns 17,739 shares of the Wireless communications provider’s stock worth $737,000 after acquiring an additional 5,376 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in United States Cellular by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,166,357 shares of the Wireless communications provider’s stock valued at $89,991,000 after purchasing an additional 104,911 shares during the last quarter. Principal Financial Group Inc. grew its holdings in United States Cellular by 44.6% during the fourth 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. Dynamic Technology Lab Private Ltd purchased a new stake in United States Cellular in the fourth quarter worth $865,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of United States Cellular in the fourth quarter valued at $1,462,000. 18.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on United States Cellular from $51.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Wells Fargo & Company upgraded shares of United States Cellular from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $38.00 to $75.00 in a research report on Thursday, May 30th.

United States Cellular Stock Down 1.9 %

USM opened at $56.55 on Wednesday. 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 one year low of $32.01 and a one year high of $60.14. The firm has a market capitalization of $4.81 billion, a P/E ratio of 84.40 and a beta of 0.48. The company has a fifty day moving average price of $54.43 and a 200-day moving average price of $46.99.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. United States Cellular had a return on equity of 1.55% and a net margin of 1.88%. The business had revenue of $927.00 million for the quarter, compared to analyst estimates of $924.96 million. During the same period in the prior year, the company earned $0.05 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities research analysts expect that United States Cellular Co. will post 0.61 earnings per share for the current fiscal year.

Insider Buying and Selling at United States Cellular

In related news, EVP Kevin R. Lowell sold 37,597 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $49.34, for a total value of $1,855,035.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.00% of the stock is currently owned by company insiders.

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.