Susquehanna International Group LLP increased its holdings in United States Cellular Corp (NYSE:USM) by 56.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 239,422 shares of the Wireless communications provider’s stock after purchasing an additional 86,294 shares during the period. Susquehanna International Group LLP owned approximately 0.28% of United States Cellular worth $8,476,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GSA Capital Partners LLP bought a new position in United States Cellular during the third quarter valued at $485,000. Dimensional Fund Advisors LP increased its position in United States Cellular by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,139,138 shares of the Wireless communications provider’s stock valued at $40,326,000 after acquiring an additional 65,144 shares during the last quarter. MUFG Americas Holdings Corp bought a new position in United States Cellular during the third quarter valued at $218,000. Schwab Charles Investment Management Inc. increased its position in United States Cellular by 15.6% during the third quarter. Schwab Charles Investment Management Inc. now owns 100,531 shares of the Wireless communications provider’s stock valued at $3,559,000 after acquiring an additional 13,600 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in United States Cellular by 145.2% during the third quarter. Wells Fargo & Company MN now owns 8,423 shares of the Wireless communications provider’s stock valued at $298,000 after acquiring an additional 4,988 shares during the last quarter. Institutional investors own 14.76% of the company’s stock.
United States Cellular Corp (NYSE USM) traded down $0.71 during mid-day trading on Friday, reaching $34.74. 109,400 shares of the company’s stock were exchanged, compared to its average volume of 102,286. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.23 and a quick ratio of 2.08. United States Cellular Corp has a fifty-two week low of $32.29 and a fifty-two week high of $46.01. The company has a market capitalization of $2,960.00, a PE ratio of 90.90 and a beta of 0.70.
Separately, Zacks Investment Research cut shares of United States Cellular from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus 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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