U.S. Cellular (USM) Stake Lessened by Alambic Investment Management L.P.

Alambic Investment Management L.P. lowered its position in U.S. Cellular (NYSE:USM) by 5.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 58,408 shares of the Wireless communications provider’s stock after selling 3,050 shares during the period. Alambic Investment Management L.P. owned 0.07% of U.S. Cellular worth $2,347,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of USM. SG Americas Securities LLC bought a new stake in shares of U.S. Cellular in the 4th quarter valued at $246,000. Virtu Financial LLC bought a new stake in shares of U.S. Cellular in the 4th quarter valued at $253,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of U.S. Cellular in the 4th quarter valued at $286,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of U.S. Cellular in the 4th quarter valued at $292,000. Finally, Wells Fargo & Company MN increased its stake in shares of U.S. Cellular by 145.2% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 15.01% of the company’s stock.

Several analysts have recently weighed in on USM shares. ValuEngine lowered shares of U.S. Cellular from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of U.S. Cellular from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Tuesday, February 27th. Finally, Raymond James upgraded shares of U.S. Cellular from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 2nd.

NYSE:USM opened at $36.66 on Friday. The firm has a market capitalization of $3.16 billion, a PE ratio of 63.21, a P/E/G ratio of 43.83 and a beta of 0.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.58 and a quick ratio of 2.35. U.S. Cellular has a twelve month low of $36.84 and a twelve month high of $37.13.

U.S. Cellular (NYSE:USM) last released its quarterly earnings data on Tuesday, May 1st. The Wireless communications provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. The company had revenue of $942.00 million during the quarter, compared to analyst estimates of $948.66 million. U.S. Cellular had a net margin of 0.80% and a return on equity of 1.82%. U.S. Cellular’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 EPS. analysts forecast that U.S. Cellular will post 0.85 EPS for the current fiscal year.

In other U.S. Cellular news, SVP Deirdre Drake sold 1,312 shares of the business’s stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $40.50, for a total transaction of $53,136.00. Following the completion of the sale, the senior vice president now owns 21,384 shares in the company, valued at approximately $866,052. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald E. Daly sold 1,880 shares of the business’s stock in a transaction on Thursday, March 29th. The shares were sold at an average price of $40.28, for a total transaction of $75,726.40. Following the sale, the director now owns 3,350 shares of the company’s stock, valued at approximately $134,938. The disclosure for this sale can be found here. Insiders have sold a total of 6,962 shares of company stock valued at $279,284 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

About U.S. Cellular

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 U.S. Cellular (NYSE:USM)

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