United States Cellular Corp (NYSE:USM) Director Harry J. Harczak, Jr. sold 2,800 shares of the company’s stock in a transaction dated Wednesday, March 22nd. The shares were sold at an average price of $36.81, for a total transaction of $103,068.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
United States Cellular Corp (NYSE:USM) opened at 36.24 on Tuesday. The company has a 50-day moving average of $39.38 and a 200 day moving average of $39.22. United States Cellular Corp has a 52-week low of $33.30 and a 52-week high of $46.01. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 64.71 and a beta of 0.84.
United States Cellular Corp (NYSE:USM) last issued its quarterly earnings results on Friday, February 24th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.18. United States Cellular Corp had a net margin of 1.30% and a return on equity of 1.42%. The firm had revenue of $991 million for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the business earned ($0.02) EPS. The company’s revenue was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that United States Cellular Corp will post $0.23 EPS for the current year.
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A number of brokerages have recently commented on USM. Zacks Investment Research lowered shares of United States Cellular Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, January 11th. Morgan Stanley raised shares of United States Cellular Corp from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $35.00 to $41.00 in a research report on Wednesday, December 14th. FBR & Co began coverage on shares of United States Cellular Corp in a research report on Monday, February 27th. They set an “underperform” rating and a $30.00 price objective for the company. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of United States Cellular Corp in a research report on Monday, February 27th.
A number of large investors have recently modified their holdings of the stock. Cigna Investments Inc. New acquired a new stake in shares of United States Cellular Corp during the fourth quarter valued at about $205,000. Alambic Investment Management L.P. raised its position in United States Cellular Corp by 25.3% in the third quarter. Alambic Investment Management L.P. now owns 9,650 shares of the company’s stock valued at $351,000 after buying an additional 1,950 shares in the last quarter. Aperio Group LLC raised its position in United States Cellular Corp by 21.8% in the third quarter. Aperio Group LLC now owns 17,779 shares of the company’s stock valued at $646,000 after buying an additional 3,177 shares in the last quarter. SG Americas Securities LLC purchased a new position in United States Cellular Corp during the third quarter valued at $653,000. Finally, Oribel Capital Management LP purchased a new position in United States Cellular Corp during the fourth quarter valued at $708,000. Hedge funds and other institutional investors own 14.43% of the company’s stock.
About United States Cellular Corp
United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company operates all of its 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 vertical industries, such as construction, retail, professional services and real estate.
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