3,497 Shares in United States Cellular Co. (NYSE:USM) Purchased by Invesco LLC

Invesco LLC bought a new position in shares of United States Cellular Co. (NYSE:USM) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,497 shares of the Wireless communications provider’s stock, valued at approximately $219,000.

Several other large investors also recently added to or reduced their stakes in USM. R Squared Ltd purchased a new stake in shares of United States Cellular during the 4th quarter valued at $38,000. Mariner Investment Group LLC purchased a new stake in United States Cellular during the fourth quarter valued at about $1,944,000. SG Americas Securities LLC lifted its stake in United States Cellular by 262.8% during the fourth quarter. SG Americas Securities LLC now owns 17,275 shares of the Wireless communications provider’s stock worth $1,083,000 after purchasing an additional 12,513 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of United States Cellular by 34.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider’s stock valued at $2,879,000 after purchasing an additional 13,467 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of United States Cellular by 10.8% during the 3rd quarter. Barclays PLC now owns 24,636 shares of the Wireless communications provider’s stock valued at $1,345,000 after buying an additional 2,405 shares in the last quarter. Institutional investors own 18.03% of the company’s stock.

United States Cellular Trading Up 1.5 %

NYSE:USM traded up $0.98 during midday trading on Wednesday, reaching $64.69. 13,324 shares of the stock traded hands, compared to its average volume of 109,043. The stock has a market capitalization of $5.56 billion, a P/E ratio of -180.73 and a beta of 0.48. United States Cellular Co. has a 12 month low of $32.01 and a 12 month high of $68.31. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57. The company has a fifty day moving average of $62.68 and a 200 day moving average of $58.76.

United States Cellular (NYSE:USM) last posted its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The company had revenue of $922.00 million during the quarter, compared to analyst estimates of $940.40 million. During the same period in the prior year, the business posted $0.26 earnings per share. United States Cellular’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, research analysts predict that United States Cellular Co. will post 0.57 EPS for the current year.

Wall Street Analyst Weigh In

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

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.