TCW Group Inc. Acquires Shares of 28,362 United States Cellular Co. (NYSE:USM)

TCW Group Inc. bought a new position in shares of United States Cellular Co. (NYSE:USM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 28,362 shares of the Wireless communications provider’s stock, valued at approximately $1,178,000.

A number of other hedge funds also recently modified their holdings of the stock. SageView Advisory Group LLC bought a new position in United States Cellular in the 4th quarter valued at about $310,000. Quest Partners LLC bought a new position in shares of United States Cellular during the fourth quarter worth approximately $43,000. Trexquant Investment LP increased its stake in shares of United States Cellular by 7.2% during the fourth quarter. Trexquant Investment LP now owns 12,598 shares of the Wireless communications provider’s stock worth $523,000 after purchasing an additional 850 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in United States Cellular during the 4th quarter worth approximately $1,462,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in United States Cellular in the 4th quarter valued at $865,000. Institutional investors and hedge funds own 18.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price objective on United States Cellular from $52.00 to $51.00 and set an “overweight” rating on the stock in a research report on Monday, May 13th.

United States Cellular Stock Performance

Shares of NYSE:USM traded down $0.35 on Friday, reaching $42.98. 151,397 shares of the company’s stock were exchanged, compared to its average volume of 454,769. The company has a current ratio of 1.67, a quick ratio of 1.46 and a debt-to-equity ratio of 0.65. United States Cellular Co. has a twelve month low of $13.79 and a twelve month high of $49.89. The company has a fifty day moving average of $37.88 and a 200-day moving average of $39.80. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 64.15 and a beta of 0.45.

United States Cellular (NYSE:USM) last issued its quarterly earnings results on Friday, May 3rd. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). The company had revenue of $950.00 million for the quarter, compared to analyst estimates of $957.75 million. United States Cellular had a return on equity of 1.30% and a net margin of 1.55%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS. On average, research analysts predict that United States Cellular Co. will post 0.58 EPS for the current fiscal year.

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.