United States Cellular Corp (USM) Stake Decreased by Macquarie Group Ltd.

Macquarie Group Ltd. lowered its position in United States Cellular Corp (NYSE:USM) by 19.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,695 shares of the Wireless communications provider’s stock after selling 400 shares during the period. Macquarie Group Ltd.’s holdings in United States Cellular were worth $88,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in USM. Advisor Group Inc. raised its stake in shares of United States Cellular by 325.2% in the fourth quarter. Advisor Group Inc. now owns 523 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 400 shares during the period. Bank of Montreal Can raised its stake in shares of United States Cellular by 46.9% in the fourth quarter. Bank of Montreal Can now owns 796 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 254 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of United States Cellular by 40.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,258 shares of the Wireless communications provider’s stock valued at $65,000 after acquiring an additional 365 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of United States Cellular in the fourth quarter valued at $94,000. Finally, Meeder Asset Management Inc. raised its stake in shares of United States Cellular by 349.9% in the fourth quarter. Meeder Asset Management Inc. now owns 3,217 shares of the Wireless communications provider’s stock valued at $167,000 after acquiring an additional 2,502 shares during the period. 16.79% of the stock is currently owned by institutional investors and hedge funds.

USM stock opened at $45.41 on Thursday. The stock has a market capitalization of $3.99 billion, a P/E ratio of 26.40, a P/E/G ratio of 38.82 and a beta of 0.67. United States Cellular Corp has a 12 month low of $32.33 and a 12 month high of $59.74. The company has a current ratio of 2.62, a quick ratio of 2.42 and a debt-to-equity ratio of 0.39.

United States Cellular (NYSE:USM) last posted its quarterly earnings results on Friday, February 22nd. The Wireless communications provider reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.09. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. United States Cellular had a net margin of 3.81% and a return on equity of 3.41%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.05 EPS. On average, equities research analysts expect that United States Cellular Corp will post 1.2 EPS for the current fiscal year.

In related news, EVP Deirdre Drake sold 6,530 shares of the firm’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $46.59, for a total value of $304,232.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ronald E. Daly sold 1,294 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $47.15, for a total transaction of $61,012.10. Following the transaction, the director now owns 3,991 shares in the company, valued at $188,175.65. The disclosure for this sale can be found here. Insiders sold a total of 44,939 shares of company stock worth $2,137,075 in the last ninety days. 1.90% of the stock is currently owned by insiders.

Several equities research analysts have recently weighed in on USM shares. Zacks Investment Research downgraded shares of United States Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, January 12th. B. Riley set a $50.00 price target on shares of United States Cellular and gave the stock a “hold” rating in a research note on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $52.80.

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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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Institutional Ownership by Quarter for United States Cellular (NYSE:USM)

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