2,979 Shares in United States Cellular Co. (NYSE:USM) Purchased by Vestcor Inc

Vestcor Inc purchased a new stake in United States Cellular Co. (NYSE:USM) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 2,979 shares of the Wireless communications provider’s stock, valued at approximately $187,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Swiss National Bank boosted its position in shares of United States Cellular by 1.3% in the 4th quarter. Swiss National Bank now owns 31,300 shares of the Wireless communications provider’s stock valued at $1,963,000 after purchasing an additional 400 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of United States Cellular by 171.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,069 shares of the Wireless communications provider’s stock valued at $945,000 after purchasing an additional 9,521 shares during the period. Amundi boosted its position in shares of United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock valued at $99,000 after purchasing an additional 244 shares during the period. Raymond James Financial Inc. acquired a new position in shares of United States Cellular in the 4th quarter valued at $1,036,000. Finally, Promus Capital LLC acquired a new position in shares of United States Cellular in the 4th quarter valued at $1,397,000. Institutional investors and hedge funds own 18.03% of the company’s stock.

United States Cellular Trading Down 0.2 %

Shares of NYSE USM opened at $65.52 on Wednesday. United States Cellular Co. has a one year low of $33.38 and a one year high of $69.20. The firm has a market capitalization of $5.57 billion, a PE ratio of -182.01 and a beta of 0.46. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The business has a 50-day moving average price of $64.31 and a two-hundred day moving average price of $61.54.

United States Cellular (NYSE:USM) last posted its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.15. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The company had revenue of $970.00 million during the quarter, compared to the consensus estimate of $964.70 million. During the same period last year, the business earned $0.23 EPS. As a group, analysts predict that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on USM. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. JPMorgan Chase & Co. raised their price objective on United States Cellular from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th.

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.