Gabelli Funds LLC Sells 102,200 Shares of United States Cellular Corp (USM)

Gabelli Funds LLC reduced its position in shares of United States Cellular Corp (NYSE:USM) by 7.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,206,746 shares of the Wireless communications provider’s stock after selling 102,200 shares during the quarter. Gabelli Funds LLC’s holdings in United States Cellular were worth $45,410,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its stake in shares of United States Cellular by 8.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,710 shares of the Wireless communications provider’s stock valued at $257,000 after purchasing an additional 515 shares during the period. Northern Trust Corp grew its stake in shares of United States Cellular by 0.6% during the 2nd quarter. Northern Trust Corp now owns 97,485 shares of the Wireless communications provider’s stock valued at $3,734,000 after purchasing an additional 564 shares during the period. Renaissance Technologies LLC grew its stake in shares of United States Cellular by 0.3% during 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. Aperio Group LLC grew its stake in shares of United States Cellular by 11.4% during the 4th quarter. Aperio Group LLC now owns 23,966 shares of the Wireless communications provider’s stock valued at $902,000 after purchasing an additional 2,454 shares during the period. Finally, Citigroup Inc. grew its stake in shares of United States Cellular by 2,940.5% during the 2nd quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock valued at $130,000 after purchasing an additional 3,264 shares during the period. Institutional investors and hedge funds own 14.79% of the company’s stock.

United States Cellular Corp (USM) opened at $35.74 on Monday. United States Cellular Corp has a 12-month low of $32.29 and a 12-month high of $45.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.08 and a current ratio of 2.23. The firm has a market capitalization of $3,037.90, a PE ratio of 91.64, a PEG ratio of 132.37 and a beta of 0.68.

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, beating the Zacks’ consensus estimate of $0.01 by $0.10. United States Cellular had a positive return on equity of 0.94% and a negative net margin of 6.93%. The firm had revenue of $963.00 million for the quarter, compared to analysts’ expectations of $968.80 million. During the same period in the previous year, the firm earned $0.20 EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. sell-side analysts predict that United States Cellular Corp will post -3.18 earnings per share for the current year.

A number of research analysts have recently weighed in on the company. ValuEngine cut United States Cellular from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research cut United States Cellular from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $34.50.

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United States Cellular Profile

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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