United States Cellular Co. (NYSE:USM) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL cut its position in shares of United States Cellular Co. (NYSE:USMFree Report) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,432,750 shares of the Wireless communications provider’s stock after selling 31,685 shares during the quarter. Gamco Investors INC. ET AL owned approximately 1.68% of United States Cellular worth $59,516,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of USM. Quest Partners LLC acquired a new position in shares of United States Cellular in the 4th quarter valued at approximately $43,000. Clear Street Markets LLC acquired a new position in shares of United States Cellular during the fourth quarter valued at $105,000. Bfsg LLC bought a new position in shares of United States Cellular during the fourth quarter worth about $137,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of United States Cellular in the 3rd quarter worth about $149,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in United States Cellular by 32.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,580 shares of the Wireless communications provider’s stock valued at $190,000 after purchasing an additional 1,117 shares during the last quarter. Institutional investors and hedge funds own 18.03% of the company’s stock.

United States Cellular Price Performance

USM traded up $0.70 during trading on Thursday, reaching $52.79. The stock had a trading volume of 136,893 shares, compared to its average volume of 290,238. United States Cellular Co. has a 1-year low of $15.15 and a 1-year high of $60.14. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 76.25 and a beta of 0.52. The stock has a 50 day moving average of $42.35 and a two-hundred day moving average of $40.68. The company has a quick ratio of 1.46, a current ratio of 1.67 and a debt-to-equity ratio of 0.65.

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

Analyst Ratings Changes

USM has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of United States Cellular from $51.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th. Wells Fargo & Company raised United States Cellular from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $38.00 to $75.00 in a research note on Thursday, May 30th.

View Our Latest Stock Report on United States Cellular

About United States Cellular

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding USM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Cellular Co. (NYSE:USMFree Report).

Institutional Ownership by Quarter for United States Cellular (NYSE:USM)

Receive News & Ratings for United States Cellular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Cellular and related companies with MarketBeat.com's FREE daily email newsletter.