Park Capital Management LLC WI Acquires Shares of 7,315 United States Cellular Co. (NYSE:USM)

Park Capital Management LLC WI acquired a new stake in shares of United States Cellular Co. (NYSE:USM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,315 shares of the Wireless communications provider’s stock, valued at approximately $459,000.

Other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of United States Cellular during the 4th quarter valued at about $38,000. The Manufacturers Life Insurance Company acquired a new stake in shares of United States Cellular during the 2nd quarter valued at about $218,000. Invesco LLC acquired a new stake in shares of United States Cellular during the 4th quarter valued at about $219,000. Ionic Capital Management LLC acquired a new stake in shares of United States Cellular during the 3rd quarter valued at about $246,000. Finally, Quest Partners LLC grew its position in shares of United States Cellular by 231.1% during the 3rd quarter. Quest Partners LLC now owns 4,675 shares of the Wireless communications provider’s stock valued at $255,000 after acquiring an additional 3,263 shares during the period. Hedge funds and other institutional investors own 18.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on USM shares. Wells Fargo & Company raised their target price on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Thursday, November 7th. Finally, StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a report on Wednesday, January 29th.

United States Cellular Price Performance

USM stock opened at $65.67 on Thursday. 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 business’s 50-day moving average is $62.81 and its 200 day moving average is $59.42.

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.