Promus Capital LLC Takes Position in United States Cellular Co. (NYSE:USM)

Promus Capital LLC acquired a new stake in United States Cellular Co. (NYSE:USM) during the 4th quarter, Holdings Channel reports. The firm acquired 22,274 shares of the Wireless communications provider’s stock, valued at approximately $1,397,000. United States Cellular comprises approximately 1.3% of Promus Capital LLC’s portfolio, making the stock its 15th largest position.

Several other large investors have also made changes to their positions in USM. Victory Capital Management Inc. lifted its position in shares of United States Cellular by 13.8% in the fourth quarter. Victory Capital Management Inc. now owns 17,247 shares of the Wireless communications provider’s stock worth $1,082,000 after buying an additional 2,094 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of United States Cellular by 20.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 172,948 shares of the Wireless communications provider’s stock worth $10,847,000 after buying an additional 29,927 shares in the last quarter. Skylands Capital LLC purchased a new stake in shares of United States Cellular in the fourth quarter worth about $1,022,000. Venturi Wealth Management LLC lifted its position in shares of United States Cellular by 1,917.3% in the fourth quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock worth $139,000 after buying an additional 2,109 shares in the last quarter. Finally, Park Capital Management LLC WI purchased a new stake in shares of United States Cellular in the fourth quarter worth about $459,000. 18.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on USM. Raymond James raised 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 raised United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their price objective on United States Cellular from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th.

United States Cellular Trading Up 1.6 %

Shares of NYSE USM opened at $64.50 on Thursday. The stock has a market capitalization of $5.48 billion, a P/E ratio of -179.15 and a beta of 0.47. The business’s 50 day moving average is $63.91 and its two-hundred day moving average is $60.82. United States Cellular Co. has a 1-year low of $33.38 and a 1-year high of $69.20. 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 released its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates 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 positive return on equity of 1.55% and a negative net margin of 0.79%. During the same quarter in the prior year, the firm posted $0.23 earnings per share. As a group, research analysts expect that United States Cellular Co. will post 0.57 EPS for the current year.

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.