United States Cellular Co. (NYSE:USM) Stock Position Lessened by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in United States Cellular Co. (NYSE:USM) by 18.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,835 shares of the Wireless communications provider’s stock after selling 627 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in United States Cellular were worth $117,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Tower Research Capital LLC TRC boosted its stake in United States Cellular by 157.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,058 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 647 shares in the last quarter. UBS Group AG boosted its stake in United States Cellular by 85.1% during the third quarter. UBS Group AG now owns 1,146 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 527 shares in the last quarter. Quarry LP bought a new position in United States Cellular during the first quarter valued at about $31,000. Point72 Hong Kong Ltd purchased a new stake in shares of United States Cellular during the first quarter valued at $32,000. Finally, Citigroup Inc. lifted its holdings in shares of United States Cellular by 64.4% during the second quarter. Citigroup Inc. now owns 1,960 shares of the Wireless communications provider’s stock valued at $35,000 after purchasing an additional 768 shares during the last quarter. Institutional investors own 18.03% of the company’s stock.

United States Cellular Trading Up 0.5 %

Shares of NYSE USM opened at $34.00 on Thursday. United States Cellular Co. has a 12 month low of $13.79 and a 12 month high of $48.47. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 54.84 and a beta of 0.46. The company has a quick ratio of 1.33, a current ratio of 1.55 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $35.94 and a 200-day simple moving average of $40.22.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, February 16th. The Wireless communications provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.03 by $0.13. United States Cellular had a return on equity of 1.19% and a net margin of 1.41%. The business had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $984.18 million. During the same period in the prior year, the business posted ($0.33) earnings per share. United States Cellular’s revenue was down 4.6% compared to the same quarter last year. Sell-side analysts predict that United States Cellular Co. will post 0.68 EPS for the current year.

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.