United States Cellular Co. (NYSE:USM) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of United States Cellular Co. (NYSE:USM) by 21.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,153 shares of the Wireless communications provider’s stock after acquiring an additional 2,678 shares during the period. Victory Capital Management Inc.’s holdings in United States Cellular were worth $828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TCW Group Inc. grew its holdings in United States Cellular by 200.8% during the 2nd quarter. TCW Group Inc. now owns 212,294 shares of the Wireless communications provider’s stock worth $11,850,000 after acquiring an additional 141,713 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of United States Cellular by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider’s stock worth $128,349,000 after buying an additional 72,843 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of United States Cellular during the 2nd quarter worth approximately $589,000. Gabelli Funds LLC lifted its position in shares of United States Cellular by 3.2% during the 2nd quarter. Gabelli Funds LLC now owns 680,300 shares of the Wireless communications provider’s stock worth $37,974,000 after buying an additional 20,785 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of United States Cellular during the 2nd quarter worth approximately $543,000. Institutional investors and hedge funds own 18.03% of the company’s stock.

United States Cellular Stock Down 2.1 %

USM stock opened at $63.64 on Thursday. The company has a fifty day moving average price of $59.56 and a 200 day moving average price of $55.41. United States Cellular Co. has a 12 month low of $32.01 and a 12 month high of $68.31. The company has a market cap of $5.47 billion, a price-to-earnings ratio of -177.41 and a beta of 0.47. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39.

United States Cellular (NYSE:USM) last announced its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. The company had revenue of $922.00 million for the quarter, compared to analysts’ expectations of $940.40 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. United States Cellular’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 EPS. Sell-side analysts expect that United States Cellular Co. will post 0.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on USM. Raymond James upgraded shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research report on Thursday, November 7th. StockNews.com upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company upped their price target on shares of United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, November 4th.

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.