United States Cellular Co. (NYSE:USM) Stock Holdings Lowered by Empowered Funds LLC

Empowered Funds LLC cut its position in United States Cellular Co. (NYSE:USM) by 55.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,122 shares of the Wireless communications provider’s stock after selling 114,339 shares during the quarter. Empowered Funds LLC’s holdings in United States Cellular were worth $4,980,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. TCW Group Inc. grew its stake in shares of United States Cellular by 200.8% in the second quarter. TCW Group Inc. now owns 212,294 shares of the Wireless communications provider’s stock worth $11,850,000 after purchasing an additional 141,713 shares in the last quarter. Gabelli Funds LLC grew its position in United States Cellular by 1.5% in the 1st quarter. Gabelli Funds LLC now owns 659,515 shares of the Wireless communications provider’s stock valued at $24,072,000 after buying an additional 9,815 shares in the last quarter. Dimensional Fund Advisors LP grew its position in 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 buying an additional 72,843 shares in the last quarter. Seven Eight Capital LP bought a new stake in shares of United States Cellular during the 2nd quarter worth about $589,000. Finally, Sei Investments Co. acquired a new stake in shares of United States Cellular in the 2nd quarter worth approximately $543,000. 18.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Raymond James upgraded shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Thursday, November 7th. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company upped their price objective on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, November 4th.

United States Cellular Trading Down 0.1 %

Shares of NYSE:USM opened at $61.54 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of -170.94 and a beta of 0.47. United States Cellular Co. has a 1-year low of $32.01 and a 1-year high of $68.31. The company has a 50 day moving average price of $58.49 and a 200 day moving average price of $54.19.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.13. The business had revenue of $922.00 million during the quarter, compared to analyst estimates of $940.40 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The company’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company posted $0.26 EPS. On average, research analysts anticipate that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

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.