New York State Common Retirement Fund Has $1.17 Million Position in United States Cellular Corp (USM)

New York State Common Retirement Fund boosted its holdings in United States Cellular Corp (NYSE:USM) by 20.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,900 shares of the Wireless communications provider’s stock after purchasing an additional 5,500 shares during the period. New York State Common Retirement Fund’s holdings in United States Cellular were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in USM. Sei Investments Co. lifted its stake in United States Cellular by 22.6% in the second quarter. Sei Investments Co. now owns 3,552 shares of the Wireless communications provider’s stock valued at $136,000 after acquiring an additional 655 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in United States Cellular by 38.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 86,931 shares of the Wireless communications provider’s stock valued at $3,332,000 after acquiring an additional 24,232 shares during the last quarter. Rhumbline Advisers lifted its stake in United States Cellular by 3.0% in the second quarter. Rhumbline Advisers now owns 13,391 shares of the Wireless communications provider’s stock valued at $513,000 after acquiring an additional 389 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in United States Cellular by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 105,912 shares of the Wireless communications provider’s stock valued at $4,058,000 after acquiring an additional 4,382 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in United States Cellular by 183.9% in the second quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock valued at $241,000 after acquiring an additional 4,068 shares during the last quarter. Hedge funds and other institutional investors own 14.76% of the company’s stock.

Shares of United States Cellular Corp (NYSE USM) opened at $37.55 on Friday. 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 stock has a market cap of $3,165.40, a PE ratio of -12.00, a PEG ratio of 137.93 and a beta of 0.79. United States Cellular Corp has a 12 month low of $32.29 and a 12 month high of $46.01.

United States Cellular (NYSE:USM) last posted its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.10. The company had revenue of $963.00 million during the quarter, compared to analysts’ expectations of $968.80 million. United States Cellular had a negative net margin of 6.93% and a positive return on equity of 0.94%. United States Cellular’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.20 EPS. research analysts forecast that United States Cellular Corp will post -3.18 earnings per share for the current year.

A number of analysts have commented on USM shares. Zacks Investment Research upgraded shares of United States Cellular from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Thursday, October 5th. ValuEngine cut shares of United States Cellular from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $34.50.

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United States Cellular Company 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.

Institutional Ownership by Quarter for United States Cellular (NYSE:USM)

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