31,000 Shares in United States Cellular Co. (NYSE:USM) Bought by Mariner Investment Group LLC

Mariner Investment Group LLC bought a new stake in United States Cellular Co. (NYSE:USM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 31,000 shares of the Wireless communications provider’s stock, valued at approximately $1,944,000. United States Cellular accounts for about 0.4% of Mariner Investment Group LLC’s holdings, making the stock its 8th biggest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in USM. Sei Investments Co. acquired a new stake in shares of United States Cellular in the 2nd quarter valued at approximately $543,000. The Manufacturers Life Insurance Company bought a new position in shares of United States Cellular during the second quarter worth $218,000. Mackenzie Financial Corp acquired a new position in shares of United States Cellular in the 2nd quarter valued at $420,000. Algert Global LLC grew its holdings in shares of United States Cellular by 220.8% in the 2nd quarter. Algert Global LLC now owns 76,726 shares of the Wireless communications provider’s stock valued at $4,283,000 after buying an additional 52,806 shares during the period. Finally, SG Americas Securities LLC increased its position in shares of United States Cellular by 130.3% in the 3rd quarter. SG Americas Securities LLC now owns 4,762 shares of the Wireless communications provider’s stock valued at $260,000 after buying an additional 2,694 shares in the last quarter. Institutional investors own 18.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Thursday, November 7th. Wells Fargo & Company boosted their price objective on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Finally, StockNews.com raised shares of United States Cellular from a “sell” rating to a “hold” rating in a research note on Tuesday, January 21st.

United States Cellular Stock Performance

USM opened at $63.14 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. The business’s 50-day moving average price is $62.63 and its two-hundred day moving average price is $58.66. United States Cellular Co. has a 1 year low of $32.01 and a 1 year high of $68.31.

United States Cellular (NYSE:USM) last released its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.13 by $0.13. The firm had revenue of $922.00 million for the quarter, compared to analysts’ expectations of $940.40 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS. On average, equities research analysts anticipate that United States Cellular Co. will post 0.57 earnings per share 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.