TCW Group Inc. Reduces Stake in United States Cellular Co. (NYSE:USM)

TCW Group Inc. lowered its stake in shares of United States Cellular Co. (NYSE:USM) by 17.0% in the 4th quarter, HoldingsChannel reports. The firm owned 168,440 shares of the Wireless communications provider’s stock after selling 34,453 shares during the quarter. TCW Group Inc.’s holdings in United States Cellular were worth $10,565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. FMR LLC grew its holdings in United States Cellular by 3.5% during the third quarter. FMR LLC now owns 247,985 shares of the Wireless communications provider’s stock valued at $13,552,000 after purchasing an additional 8,416 shares during the period. Geode Capital Management LLC grew its stake in shares of United States Cellular by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 166,181 shares of the Wireless communications provider’s stock worth $9,085,000 after acquiring an additional 7,449 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in United States Cellular by 28.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider’s stock worth $7,816,000 after acquiring an additional 31,934 shares during the last quarter. State Street Corp raised its stake in United States Cellular by 13.0% in the 3rd quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider’s stock valued at $5,812,000 after acquiring an additional 12,219 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in United States Cellular by 34.3% during the third 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. Institutional investors own 18.03% of the company’s stock.

United States Cellular Trading Down 2.8 %

Shares of USM opened at $65.18 on Monday. United States Cellular Co. has a twelve month low of $32.01 and a twelve month high of $69.20. The stock has a market cap of $5.61 billion, a PE ratio of -181.06 and a beta of 0.47. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $63.45 and its 200-day moving average price is $60.19.

United States Cellular (NYSE:USM) last posted its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.15. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The business had revenue of $970.00 million for the quarter, compared to analyst estimates of $964.70 million. During the same quarter in the prior year, the firm posted $0.23 EPS. On average, equities analysts forecast that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.