Renaissance Technologies LLC Boosts Position in United States Cellular Co. (NYSE:USM)

Renaissance Technologies LLC boosted its position in United States Cellular Co. (NYSE:USM) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,197 shares of the Wireless communications provider’s stock after purchasing an additional 2,997 shares during the period. Renaissance Technologies LLC owned about 0.08% of United States Cellular worth $4,277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in USM. Amundi lifted its position in United States Cellular by 17.6% during the fourth quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock valued at $99,000 after purchasing an additional 244 shares in the last quarter. Swiss National Bank boosted its position in shares of United States Cellular by 1.3% in the fourth quarter. Swiss National Bank now owns 31,300 shares of the Wireless communications provider’s stock worth $1,963,000 after purchasing an additional 400 shares during the period. R Squared Ltd purchased a new stake in shares of United States Cellular in the fourth quarter worth $38,000. Victory Capital Management Inc. lifted its stake in shares of United States Cellular by 13.8% during the 4th quarter. Victory Capital Management Inc. now owns 17,247 shares of the Wireless communications provider’s stock valued at $1,082,000 after buying an additional 2,094 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in United States Cellular by 1,917.3% in the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock worth $139,000 after buying an additional 2,109 shares during the period. Hedge funds and other institutional investors own 18.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on United States Cellular from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note 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.

United States Cellular Trading Down 2.9 %

USM stock opened at $66.69 on Tuesday. The firm has a fifty day moving average price of $66.29 and a 200 day moving average price of $63.55. United States Cellular Co. has a fifty-two week low of $33.75 and a fifty-two week high of $70.79. The firm has a market cap of $5.67 billion, a PE ratio of -185.24 and a beta of 0.40. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.15. 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 $970.00 million for the quarter, compared to analysts’ expectations of $964.70 million. During the same period in the prior year, the company earned $0.23 EPS. Sell-side analysts anticipate that United States Cellular Co. will post 0.57 earnings per share for the current fiscal 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.