Russell Investments Group Ltd. grew its holdings in United States Cellular Corp (NYSE:USM) by 20.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,672 shares of the Wireless communications provider’s stock after purchasing an additional 11,690 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of United States Cellular worth $2,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in USM. Citigroup Inc. lifted its stake in United States Cellular by 2,940.5% during the 2nd quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock worth $130,000 after acquiring an additional 3,264 shares in the last quarter. Sei Investments Co. lifted its stake in United States Cellular by 22.6% during the 2nd quarter. Sei Investments Co. now owns 3,552 shares of the Wireless communications provider’s stock worth $136,000 after acquiring an additional 655 shares in the last quarter. Legal & General Group Plc lifted its stake in United States Cellular by 183.9% during the 2nd quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock worth $241,000 after acquiring an additional 4,068 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in United States Cellular by 8.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,710 shares of the Wireless communications provider’s stock worth $257,000 after acquiring an additional 515 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in United States Cellular during the 2nd quarter worth about $369,000. 14.76% of the stock is currently owned by institutional investors and hedge funds.

United States Cellular Corp (NYSE:USM) opened at $35.58 on Thursday. United States Cellular Corp 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 stock has a market capitalization of $2,944.40, a PE ratio of 88.82 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 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.10. United States Cellular had a positive return on equity of 0.94% and a negative net margin of 6.93%. The firm had revenue of $963.00 million for the quarter, compared to analyst estimates of $968.80 million. During the same quarter in the prior year, the company earned $0.20 EPS. United States Cellular’s revenue was down 5.9% on a year-over-year basis. analysts forecast that United States Cellular Corp will post -3.18 earnings per share for the current year.

Separately, Zacks Investment Research lowered United States Cellular from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. United States Cellular has a consensus rating of “Hold” and a consensus target price of $34.50.

TRADEMARK VIOLATION NOTICE: This news story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this news story can be read at https://www.thecerbatgem.com/2017/12/21/united-states-cellular-corp-usm-stake-boosted-by-russell-investments-group-ltd.html.

About United States Cellular

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)

Receive News & Stock Ratings for United States Cellular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Cellular and related stocks with our FREE daily email newsletter.