Two Sigma Investments LP Sells 39,119 Shares of United States Cellular Corp (NYSE:USM)

Two Sigma Investments LP lessened its holdings in shares of United States Cellular Corp (NYSE:USM) by 41.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 54,304 shares of the Wireless communications provider’s stock after selling 39,119 shares during the period. Two Sigma Investments LP owned 0.06% of United States Cellular worth $2,822,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in United States Cellular by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,654,627 shares of the Wireless communications provider’s stock worth $74,094,000 after purchasing an additional 48,636 shares during the last quarter. Vanguard Group Inc raised its holdings in United States Cellular by 3.0% in the 3rd quarter. Vanguard Group Inc now owns 1,654,627 shares of the Wireless communications provider’s stock valued at $74,094,000 after acquiring an additional 48,636 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in United States Cellular by 9.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,575,570 shares of the Wireless communications provider’s stock valued at $70,552,000 after acquiring an additional 131,834 shares in the last quarter. BlackRock Inc. raised its holdings in shares of United States Cellular by 8.5% during the 3rd quarter. BlackRock Inc. now owns 1,144,184 shares of the Wireless communications provider’s stock worth $51,237,000 after buying an additional 89,651 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of United States Cellular by 11.0% during the 3rd quarter. Renaissance Technologies LLC now owns 918,800 shares of the Wireless communications provider’s stock worth $41,144,000 after buying an additional 90,800 shares in the last quarter. Institutional investors and hedge funds own 16.79% of the company’s stock.

In other news, EVP Deirdre Drake sold 6,530 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $46.59, for a total value of $304,232.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kenneth R. Meyers sold 35,000 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $47.76, for a total value of $1,671,600.00. Following the completion of the sale, the insider now directly owns 89,174 shares of the company’s stock, valued at $4,258,950.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,939 shares of company stock worth $2,137,075. 1.90% of the stock is owned by company insiders.

A number of research firms have recently commented on USM. B. Riley set a $50.00 price target on United States Cellular and gave the stock a “hold” rating in a report on Tuesday, February 26th. Zacks Investment Research lowered United States Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, February 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $52.80.

Shares of NYSE USM traded up $1.51 during trading on Friday, reaching $46.92. The company had a trading volume of 231,854 shares, compared to its average volume of 231,331. 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. The firm has a market capitalization of $4.05 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 38.99 and a beta of 0.67.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, February 22nd. The Wireless communications provider reported $0.23 EPS for the quarter, beating the consensus estimate of $0.14 by $0.09. United States Cellular had a return on equity of 3.41% and a net margin of 3.81%. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the company earned $0.05 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts forecast that United States Cellular Corp will post 1.2 earnings per share for the current fiscal year.

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United States Cellular Company Profile

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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