American Century Companies Inc. Boosts Stock Position in United States Cellular Co. (NYSE:USM)

American Century Companies Inc. raised its position in United States Cellular Co. (NYSE:USM) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 464,685 shares of the Wireless communications provider’s stock after acquiring an additional 51,362 shares during the period. American Century Companies Inc. owned approximately 0.54% of United States Cellular worth $29,145,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of USM. Charles Schwab Investment Management Inc. grew its stake in United States Cellular by 28.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider’s stock worth $7,816,000 after buying an additional 31,934 shares during the last quarter. Mariner Investment Group LLC acquired a new stake in United States Cellular in the fourth quarter worth about $1,944,000. Promus Capital LLC purchased a new stake in shares of United States Cellular during the fourth quarter worth about $1,397,000. Raymond James Financial Inc. acquired a new position in shares of United States Cellular during the fourth quarter valued at about $1,036,000. Finally, Skylands Capital LLC purchased a new position in shares of United States Cellular in the 4th quarter valued at approximately $1,022,000. 18.03% of the stock is owned by hedge funds and other institutional investors.

United States Cellular Stock Performance

USM opened at $69.36 on Friday. The firm has a 50 day moving average of $65.32 and a two-hundred day moving average of $62.22. The firm has a market capitalization of $5.90 billion, a PE ratio of -192.65 and a beta of 0.46. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. United States Cellular Co. has a 12-month low of $33.38 and a 12-month high of $70.49.

United States Cellular (NYSE:USM) last posted its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.15. The company had revenue of $970.00 million during the quarter, compared to the consensus estimate of $964.70 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, analysts anticipate that United States Cellular Co. will post 0.57 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on USM shares. JPMorgan Chase & Co. upped their price target on shares of United States Cellular from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday, February 21st.

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.