Gamco Investors INC. ET AL trimmed its holdings in United States Cellular Corp (NYSE:USM) by 9.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,421,215 shares of the Wireless communications provider’s stock after selling 255,167 shares during the period. United States Cellular makes up 0.7% of Gamco Investors INC. ET AL’s investment portfolio, making the stock its 29th biggest holding. Gamco Investors INC. ET AL’s holdings in United States Cellular were worth $108,422,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in United States Cellular by 241.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,075 shares of the Wireless communications provider’s stock valued at $188,000 after buying an additional 3,588 shares in the last quarter. Capital Fund Management S.A. purchased a new position in United States Cellular in the 2nd quarter valued at approximately $222,000. People s United Financial Inc. purchased a new position in shares of United States Cellular during the 2nd quarter valued at $257,000. GSA Capital Partners LLP purchased a new position in shares of United States Cellular during the 2nd quarter valued at $265,000. Finally, Calamos Advisors LLC purchased a new position in shares of United States Cellular during the 3rd quarter valued at $332,000. Institutional investors and hedge funds own 15.54% of the company’s stock.
In other news, EVP Jay Ellison sold 7,309 shares of United States Cellular stock in a transaction on Monday, August 20th. The shares were sold at an average price of $44.68, for a total transaction of $326,566.12. Following the completion of the sale, the executive vice president now directly owns 71,400 shares of the company’s stock, valued at approximately $3,190,152. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Irizarry sold 1,746 shares of United States Cellular stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $43.40, for a total transaction of $75,776.40. Following the sale, the executive vice president now directly owns 59,300 shares of the company’s stock, valued at $2,573,620. The disclosure for this sale can be found here. Insiders have sold a total of 11,838 shares of company stock valued at $518,535 over the last 90 days. Company insiders own 1.60% of the company’s stock.
USM opened at $56.00 on Monday. The firm has a market cap of $4.79 billion, a PE ratio of 96.55, a PEG ratio of 50.45 and a beta of 0.35. The company has a quick ratio of 2.66, a current ratio of 2.90 and a debt-to-equity ratio of 0.41. United States Cellular Corp has a one year low of $32.06 and a one year high of $56.89.
United States Cellular (NYSE:USM) last released its quarterly earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.17. The firm had revenue of $1 billion during the quarter, compared to analyst estimates of $993.91 million. United States Cellular had a net margin of 1.74% and a return on equity of 2.78%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. Sell-side analysts forecast that United States Cellular Corp will post 1.11 EPS for the current fiscal year.
USM has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of United States Cellular from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Citigroup boosted their price target on shares of United States Cellular from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. Zacks Investment Research lowered shares of United States Cellular from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 8th. Finally, JPMorgan Chase & Co. lowered shares of United States Cellular from a “neutral” rating to an “underweight” rating and set a $43.00 price target for the company. in a research report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company. United States Cellular currently has a consensus rating of “Buy” and an average target price of $48.67.
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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