Schwab Charles Investment Management Inc. Has $3.56 Million Position in United States Cellular Corp (USM)

Schwab Charles Investment Management Inc. lifted its position in United States Cellular Corp (NYSE:USM) by 15.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 100,531 shares of the Wireless communications provider’s stock after acquiring an additional 13,600 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in United States Cellular were worth $3,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Gamco Investors INC. ET AL lifted its stake in shares of United States Cellular by 0.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 3,042,777 shares of the Wireless communications provider’s stock valued at $107,714,000 after purchasing an additional 24,120 shares during the period. Gabelli Funds LLC lifted its stake in shares of United States Cellular by 0.3% in the 3rd quarter. Gabelli Funds LLC now owns 1,308,946 shares of the Wireless communications provider’s stock valued at $46,337,000 after purchasing an additional 4,000 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of United States Cellular by 15.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,073,994 shares of the Wireless communications provider’s stock valued at $41,156,000 after purchasing an additional 140,120 shares during the period. Renaissance Technologies LLC lifted its stake in shares of United States Cellular by 0.3% in the 2nd quarter. Renaissance Technologies LLC now owns 628,300 shares of the Wireless communications provider’s stock valued at $24,076,000 after purchasing an additional 1,600 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of United States Cellular by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 105,912 shares of the Wireless communications provider’s stock valued at $4,058,000 after purchasing an additional 4,382 shares during the period. Hedge funds and other institutional investors own 14.76% of the company’s stock.

United States Cellular Corp (NYSE:USM) opened at $37.01 on Friday. The company has a current ratio of 2.23, a quick ratio of 2.08 and a debt-to-equity ratio of 0.48. The firm has a market cap of $3,150.00, a price-to-earnings ratio of -11.82, a price-to-earnings-growth ratio of 136.22 and a beta of 0.71. United States Cellular Corp has a 12-month low of $32.29 and a 12-month high of $45.75.

United States Cellular (NYSE:USM) last posted its quarterly earnings data on Wednesday, November 8th. The Wireless communications provider reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.10. The company had revenue of $963.00 million during the quarter, compared to analysts’ expectations of $968.80 million. United States Cellular had a negative net margin of 6.93% and a positive return on equity of 0.94%. The firm’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.20 earnings per share. equities analysts predict that United States Cellular Corp will post -3.18 EPS for the current fiscal year.

Several research firms recently issued reports on USM. Zacks Investment Research cut shares of United States Cellular from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 14th. ValuEngine cut shares of United States Cellular from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $34.50.

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About United States Cellular

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.

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Institutional Ownership by Quarter for United States Cellular (NYSE:USM)

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