TCW Group Inc. Sells 34,453 Shares of United States Cellular Co. (NYSE:USM)

TCW Group Inc. lowered its position in United States Cellular Co. (NYSE:USM) by 17.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 168,440 shares of the Wireless communications provider’s stock after selling 34,453 shares during the period. TCW Group Inc. owned 0.20% of United States Cellular worth $10,565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of United States Cellular during the fourth quarter worth approximately $38,000. Venturi Wealth Management LLC increased its stake in 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 valued at $139,000 after purchasing an additional 2,109 shares in the last quarter. Invesco LLC acquired a new position in United States Cellular during the fourth quarter worth $219,000. The Manufacturers Life Insurance Company lifted its stake in shares of United States Cellular by 6.3% in the third quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider’s stock valued at $227,000 after buying an additional 245 shares in the last quarter. Finally, Ionic Capital Management LLC acquired a new position in shares of United States Cellular during the third quarter valued at about $246,000. Institutional investors own 18.03% of the company’s stock.

United States Cellular Stock Down 2.8 %

USM opened at $65.18 on Monday. United States Cellular Co. has a fifty-two week low of $32.01 and a fifty-two week high of $69.20. The firm has a market capitalization of $5.61 billion, a P/E ratio of -181.06 and a beta of 0.47. The company’s 50-day moving average is $63.45 and its 200 day moving average is $60.19. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39.

United States Cellular (NYSE:USM) last posted its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.15. The firm had revenue of $970.00 million for the quarter, compared to analysts’ expectations 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 quarter last year, the firm earned $0.23 EPS. Research analysts expect that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

United States Cellular Company 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.