Parkwood LLC acquired a new stake in United States Cellular Corporation (NYSE:USM) during the second quarter, according to its most recent filing with the SEC. The firm acquired 6,749 shares of the Wireless communications provider’s stock, valued at approximately $259,000.
Other large investors have also recently added to or reduced their stakes in the company. Sei Investments Co. boosted its stake in United States Cellular Corporation by 19.7% in the first quarter. Sei Investments Co. now owns 2,897 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 476 shares during the last quarter. Bank of Montreal Can boosted its stake in United States Cellular Corporation by 98.5% in the first quarter. Bank of Montreal Can now owns 3,710 shares of the Wireless communications provider’s stock valued at $138,000 after buying an additional 1,841 shares during the last quarter. First Manhattan Co. boosted its stake in United States Cellular Corporation by 210.6% in the first quarter. First Manhattan Co. now owns 8,324 shares of the Wireless communications provider’s stock valued at $302,000 after buying an additional 5,644 shares during the last quarter. Quotient Investors LLC purchased a new stake in United States Cellular Corporation during the first quarter valued at about $329,000. Finally, Tudor Investment Corp ET AL boosted its stake in United States Cellular Corporation by 16.9% in the first quarter. Tudor Investment Corp ET AL now owns 9,000 shares of the Wireless communications provider’s stock valued at $336,000 after buying an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 14.78% of the company’s stock.
United States Cellular Corporation (USM) traded up 0.36% during midday trading on Friday, reaching $38.81. 87,031 shares of the company traded hands. United States Cellular Corporation has a 12 month low of $33.30 and a 12 month high of $46.01. The firm has a market capitalization of $3.29 billion, a PE ratio of 50.93 and a beta of 0.82. The company’s 50-day moving average price is $38.18 and its 200 day moving average price is $39.29.
United States Cellular Corporation (NYSE:USM) last posted its quarterly earnings data on Friday, May 5th. The Wireless communications provider reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.20. United States Cellular Corporation had a net margin of 1.63% and a return on equity of 1.45%. The company had revenue of $936 million during the quarter, compared to the consensus estimate of $955.13 million. During the same quarter in the prior year, the company posted $0.10 EPS. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. On average, equities analysts anticipate that United States Cellular Corporation will post $0.49 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: This news story was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://stocknewstimes.com/2017/08/04/parkwood-llc-acquires-shares-of-6749-united-states-cellular-corporation-nyseusm.html.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday. ValuEngine upgraded shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, BidaskClub cut shares of United States Cellular Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.00.
In other news, EVP Jay Ellison sold 8,447 shares of the company’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $38.85, for a total transaction of $328,165.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Deirdre Drake sold 6,755 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $38.72, for a total transaction of $261,553.60. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.
United States Cellular Corporation Company Profile
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.
Want to see what other hedge funds are holding USM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Cellular Corporation (NYSE:USM).
Receive News & Ratings for United States Cellular Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Cellular Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
