United States Cellular Co. (NYSE:USM) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of United States Cellular Co. (NYSE:USM) by 0.7% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 36,029 shares of the Wireless communications provider’s stock after acquiring an additional 264 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in United States Cellular were worth $1,969,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Summit Securities Group LLC bought a new stake in United States Cellular during the 2nd quarter valued at $28,000. SG Americas Securities LLC bought a new stake in shares of United States Cellular during the second quarter valued at about $115,000. Bailard Inc. acquired a new stake in United States Cellular in the second quarter worth about $207,000. Invesco LLC acquired a new stake in United States Cellular in the second quarter worth about $214,000. Finally, The Manufacturers Life Insurance Company bought a new position in United States Cellular in the 2nd quarter valued at about $218,000. 18.03% of the stock is owned by institutional investors.

United States Cellular Stock Performance

NYSE:USM opened at $62.97 on Monday. The company has a 50-day moving average of $61.38 and a 200-day moving average of $57.10. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of -174.91 and a beta of 0.48. 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 twelve month low of $32.01 and a twelve month high of $68.31.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of United States Cellular from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Wells Fargo & Company boosted their target price on United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a report 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 price target for the company in a research note 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.