Flinton Capital Management LLC grew its stake in shares of United States Cellular Corp (NYSE:USM) by 8.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,856 shares of the Wireless communications provider’s stock after buying an additional 2,968 shares during the period. Flinton Capital Management LLC’s holdings in United States Cellular were worth $1,691,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in USM. Advisor Group Inc. raised its holdings in shares of United States Cellular by 68.5% in the 2nd quarter. Advisor Group Inc. now owns 868 shares of the Wireless communications provider’s stock worth $39,000 after purchasing an additional 353 shares during the period. Public Employees Retirement System of Ohio increased its position in United States Cellular by 8.2% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,904 shares of the Wireless communications provider’s stock worth $264,000 after purchasing an additional 446 shares in the last quarter. Swiss National Bank raised its holdings in United States Cellular by 2.9% in the second quarter. Swiss National Bank now owns 24,700 shares of the Wireless communications provider’s stock valued at $1,103,000 after buying an additional 700 shares during the period. Meeder Asset Management Inc. purchased a new position in United States Cellular in the second quarter valued at approximately $41,000. Finally, Twin Tree Management LP purchased a new position in United States Cellular in the first quarter valued at approximately $53,000. 18.18% of the stock is owned by institutional investors.
United States Cellular stock opened at $38.76 on Wednesday. The firm has a market capitalization of $3.19 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 24.06 and a beta of 0.83. United States Cellular Corp has a one year low of $33.54 and a one year high of $59.74. The stock’s 50 day moving average price is $38.36 and its 200 day moving average price is $44.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.13 and a current ratio of 2.32.
United States Cellular (NYSE:USM) last posted its quarterly earnings data on Thursday, August 1st. The Wireless communications provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.06). United States Cellular had a net margin of 3.56% and a return on equity of 3.46%. The firm had revenue of $973.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the business earned $0.56 EPS. The company’s revenue for the quarter was down .1% on a year-over-year basis. On average, analysts forecast that United States Cellular Corp will post 1.53 earnings per share for the current fiscal year.
In other news, CEO Kenneth R. Meyers sold 17,919 shares of United States Cellular stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $35.27, for a total transaction of $632,003.13. Following the sale, the chief executive officer now directly owns 67,852 shares of the company’s stock, valued at $2,393,140.04. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jay Ellison sold 12,498 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $50.06, for a total value of $625,649.88. The disclosure for this sale can be found here. Insiders sold 76,462 shares of company stock valued at $3,428,040 over the last 90 days. Insiders own 0.62% of the company’s stock.
Several equities research analysts have recently issued reports on USM shares. JPMorgan Chase & Co. raised shares of United States Cellular from an “underweight” rating to a “neutral” rating and set a $46.00 price objective for the company in a research report on Monday, August 5th. ValuEngine lowered shares of United States Cellular from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Wells Fargo & Co decreased their price target on shares of United States Cellular from $50.00 to $40.00 and set a “market perform” rating for the company in a research report on Tuesday, August 6th. Morgan Stanley upgraded United States Cellular from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $44.00 to $64.50 in a report on Tuesday, June 18th. Finally, B. Riley cut their price objective on United States Cellular from $50.00 to $42.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. United States Cellular currently has a consensus rating of “Hold” and an average price target of $51.58.
About United States Cellular
United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.
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