Point72 Asset Management L.P. Increases Stock Holdings in United States Cellular Co. (NYSE:USM)

Point72 Asset Management L.P. lifted its stake in shares of United States Cellular Co. (NYSE:USM) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 107,091 shares of the Wireless communications provider’s stock after acquiring an additional 5,605 shares during the period. Point72 Asset Management L.P.’s holdings in United States Cellular were worth $6,717,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Man Group plc raised its holdings in shares of United States Cellular by 124.6% during the 4th quarter. Man Group plc now owns 114,465 shares of the Wireless communications provider’s stock valued at $7,179,000 after buying an additional 63,501 shares during the period. Lazard Asset Management LLC grew its stake in United States Cellular by 1,837.5% during the 4th quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider’s stock valued at $58,000 after purchasing an additional 882 shares in the last quarter. Deutsche Bank AG acquired a new stake in United States Cellular during the 4th quarter valued at approximately $431,000. D. E. Shaw & Co. Inc. grew its stake in United States Cellular by 41.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 179,909 shares of the Wireless communications provider’s stock valued at $11,284,000 after purchasing an additional 52,396 shares in the last quarter. Finally, Corton Capital Inc. acquired a new stake in United States Cellular during the 4th quarter valued at approximately $203,000. 18.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

USM has been the subject of a number of recent analyst reports. Raymond James restated an “outperform” rating and set a $78.00 price objective (down previously from $83.00) on shares of United States Cellular in a research note on Monday, May 5th. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their price objective on United States Cellular from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, February 24th.

United States Cellular Price Performance

Shares of NYSE USM opened at $61.33 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of -170.36 and a beta of 0.39. United States Cellular Co. has a twelve month low of $41.25 and a twelve month high of $70.79. The business has a 50 day simple moving average of $65.71 and a 200-day simple moving average of $64.24.

United States Cellular (NYSE:USM) last released its quarterly earnings data 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). The business had revenue of $891.00 million during the quarter, compared to analyst estimates of $924.90 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. As a group, equities research analysts expect that United States Cellular Co. will post 0.57 earnings per share for the current year.

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.