United States Cellular (NYSE:USM) Trading Down 4.8%

United States Cellular Co. (NYSE:USM) fell 4.8% during trading on Tuesday . The stock traded as low as $33.38 and last traded at $33.51. 83,855 shares traded hands during trading, a decline of 61% from the average session volume of 213,313 shares. The stock had previously closed at $35.21.

United States Cellular Stock Performance

The stock has a market cap of $2.94 billion, a P/E ratio of 54.84 and a beta of 0.46. The company has a fifty day moving average price of $35.94 and a 200 day moving average price of $40.22. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.55 and a quick ratio of 1.33.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, February 16th. The Wireless communications provider reported $0.16 EPS for the quarter, beating the consensus estimate of $0.03 by $0.13. The firm had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $984.18 million. United States Cellular had a return on equity of 1.19% and a net margin of 1.41%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.33) earnings per share. On average, equities analysts expect that United States Cellular Co. will post 0.68 EPS for the current year.

Institutional Investors Weigh In On United States Cellular

Several institutional investors have recently bought and sold shares of USM. Swiss National Bank grew its holdings in United States Cellular by 7.5% during the first quarter. Swiss National Bank now owns 31,500 shares of the Wireless communications provider’s stock worth $952,000 after buying an additional 2,200 shares in the last quarter. American Century Companies Inc. grew its holdings in United States Cellular by 26.2% during the first quarter. American Century Companies Inc. now owns 66,307 shares of the Wireless communications provider’s stock worth $2,004,000 after buying an additional 13,757 shares in the last quarter. HighTower Advisors LLC grew its holdings in United States Cellular by 61.6% during the first quarter. HighTower Advisors LLC now owns 10,615 shares of the Wireless communications provider’s stock worth $321,000 after buying an additional 4,048 shares in the last quarter. MetLife Investment Management LLC grew its holdings in United States Cellular by 58.5% during the first quarter. MetLife Investment Management LLC now owns 8,957 shares of the Wireless communications provider’s stock worth $271,000 after buying an additional 3,306 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in United States Cellular by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,897,981 shares of the Wireless communications provider’s stock worth $57,376,000 after buying an additional 27,697 shares in the last quarter. Institutional investors own 18.03% of the company’s stock.

About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.