AQR Capital Management LLC Sells 5,865 Shares of United States Cellular Co. (NYSE:USM)

AQR Capital Management LLC reduced its stake in shares of United States Cellular Co. (NYSE:USM) by 56.5% during the 2nd quarter, HoldingsChannel reports. The fund owned 4,518 shares of the Wireless communications provider’s stock after selling 5,865 shares during the period. AQR Capital Management LLC’s holdings in United States Cellular were worth $252,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new position in shares of United States Cellular during the 2nd quarter valued at approximately $28,000. SG Americas Securities LLC bought a new position in United States Cellular during the second quarter valued at $115,000. Bailard Inc. purchased a new stake in shares of United States Cellular in the second quarter valued at $207,000. Invesco LLC bought a new stake in shares of United States Cellular in the 2nd quarter worth about $214,000. Finally, Johnson Investment Counsel Inc. purchased a new position in shares of United States Cellular during the 2nd quarter worth about $234,000. 18.03% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at United States Cellular

In other United States Cellular news, EVP Kevin R. Lowell sold 37,597 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $49.34, for a total transaction of $1,855,035.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

United States Cellular Stock Performance

United States Cellular stock opened at $58.74 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.55 and a quick ratio of 1.39. The firm has a market capitalization of $5.05 billion, a P/E ratio of 71.64 and a beta of 0.48. United States Cellular Co. has a 1-year low of $32.01 and a 1-year high of $60.43. The company’s 50-day moving average is $55.16 and its 200 day moving average is $50.07.

United States Cellular (NYSE:USM) last issued its quarterly earnings results on Friday, August 2nd. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. The firm had revenue of $927.00 million during the quarter, compared to analyst estimates of $924.96 million. United States Cellular had a return on equity of 1.55% and a net margin of 1.88%. United States Cellular’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.05 EPS. Research analysts forecast that United States Cellular Co. will post 0.61 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.