TCW Group Inc. Makes New Investment in United States Cellular Co. (NYSE:USM)

TCW Group Inc. bought a new stake in United States Cellular Co. (NYSE:USM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,362 shares of the Wireless communications provider’s stock, valued at approximately $1,178,000.

Several other hedge funds also recently modified their holdings of the stock. SageView Advisory Group LLC purchased a new stake in United States Cellular in the 4th quarter valued at $310,000. Quest Partners LLC bought a new stake in shares of United States Cellular in the 4th quarter worth $43,000. Trexquant Investment LP raised its holdings in shares of United States Cellular by 7.2% in the fourth quarter. Trexquant Investment LP now owns 12,598 shares of the Wireless communications provider’s stock valued at $523,000 after purchasing an additional 850 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of United States Cellular during the fourth quarter valued at about $1,462,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in United States Cellular during the fourth quarter worth about $865,000. Hedge funds and other institutional investors own 18.03% of the company’s stock.

United States Cellular Stock Performance

NYSE:USM traded down $0.35 during trading on Friday, reaching $42.98. The company’s stock had a trading volume of 151,397 shares, compared to its average volume of 454,769. United States Cellular Co. has a 12 month low of $13.79 and a 12 month high of $49.89. The firm has a market cap of $3.65 billion, a price-to-earnings ratio of 64.15 and a beta of 0.45. The firm has a 50 day moving average of $37.88 and a 200-day moving average of $39.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.46 and a current ratio of 1.67.

United States Cellular (NYSE:USM) last posted its quarterly earnings results on Friday, May 3rd. The Wireless communications provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.06). The company had revenue of $950.00 million for the quarter, compared to the consensus estimate of $957.75 million. United States Cellular had a net margin of 1.55% and a return on equity of 1.30%. United States Cellular’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Research analysts expect that United States Cellular Co. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price objective on shares of United States Cellular from $52.00 to $51.00 and set an “overweight” rating for the company in a research note on Monday, May 13th.

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.