California State Teachers Retirement System lessened its holdings in shares of United States Cellular Corporation (NYSE:USM) by 7.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,823 shares of the Wireless communications provider’s stock after selling 1,978 shares during the period. California State Teachers Retirement System’s holdings in United States Cellular were worth $989,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in USM. Citigroup Inc. raised its stake in United States Cellular by 2,940.5% during the second quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock worth $130,000 after buying an additional 3,264 shares during the last quarter. Sei Investments Co. increased 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 purchasing an additional 655 shares in the last quarter. Legal & General Group Plc increased 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 purchasing an additional 4,068 shares in the last quarter. Parkwood LLC bought a new stake in United States Cellular in the second quarter valued at $259,000. Finally, Cubist Systematic Strategies LLC bought a new stake in United States Cellular in the second quarter valued at $369,000. 14.67% of the stock is owned by institutional investors and hedge funds.

United States Cellular Corporation (NYSE USM) traded down $0.04 on Monday, reaching $36.20. 40,300 shares of the company’s stock traded hands, compared to its average volume of 101,065. United States Cellular Corporation has a 12-month low of $32.29 and a 12-month high of $46.01. The company has a current ratio of 2.23, a quick ratio of 2.08 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $3,077.00, a P/E ratio of 92.82 and a beta of 0.79.

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

Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of United States Cellular from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Wednesday, August 2nd. BidaskClub raised shares of United States Cellular from a “sell” rating to a “hold” rating in a research note on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.67.

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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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