Corton Capital Inc. Invests $203,000 in United States Cellular Co. (NYSE:USM)

Corton Capital Inc. purchased a new stake in shares of United States Cellular Co. (NYSE:USM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,244 shares of the Wireless communications provider’s stock, valued at approximately $203,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of United States Cellular in the fourth quarter valued at about $38,000. Amundi increased its position in United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock valued at $99,000 after acquiring an additional 244 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of United States Cellular by 37.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider’s stock worth $104,000 after acquiring an additional 453 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of United States Cellular by 1,917.3% during the fourth quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 2,109 shares in the last quarter. Finally, Vestcor Inc bought a new stake in shares of United States Cellular during the fourth quarter valued at approximately $187,000. 18.03% of the stock is currently owned by institutional investors and hedge funds.

United States Cellular Trading Down 1.0 %

Shares of NYSE:USM opened at $62.88 on Friday. United States Cellular Co. has a one year low of $35.89 and a one year high of $70.79. The stock has a market capitalization of $5.34 billion, a PE ratio of -174.66 and a beta of 0.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. The company’s 50-day moving average price is $66.14 and its two-hundred day moving average price is $64.18.

United States Cellular (NYSE:USM) last announced its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.16). United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The firm had revenue of $891.00 million during the quarter, compared to analyst estimates of $924.90 million. On average, equities analysts forecast that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on USM shares. JPMorgan Chase & Co. boosted their target price on United States Cellular from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. StockNews.com upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Raymond James reiterated an “outperform” rating and set a $78.00 price target (down previously from $83.00) on shares of United States Cellular in a research report on Monday.

About United States Cellular

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.