Park Capital Management LLC WI Buys Shares of 7,315 United States Cellular Co. (NYSE:USM)

Park Capital Management LLC WI bought a new stake in shares of United States Cellular Co. (NYSE:USM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,315 shares of the Wireless communications provider’s stock, valued at approximately $459,000.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of United States Cellular by 13.0% in the 3rd quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider’s stock worth $5,812,000 after purchasing an additional 12,219 shares in the last quarter. Mariner Investment Group LLC acquired a new stake in shares of United States Cellular in the 4th quarter worth $1,944,000. Barclays PLC boosted its position in shares of United States Cellular by 10.8% in the 3rd quarter. Barclays PLC now owns 24,636 shares of the Wireless communications provider’s stock worth $1,345,000 after purchasing an additional 2,405 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of United States Cellular by 34.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider’s stock worth $2,879,000 after purchasing an additional 13,467 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of United States Cellular by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 166,181 shares of the Wireless communications provider’s stock worth $9,085,000 after purchasing an additional 7,449 shares in the last quarter. Institutional investors and hedge funds own 18.03% of the company’s stock.

Analyst Upgrades and Downgrades

USM has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research note on Wednesday, January 29th. Finally, Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Thursday, November 7th.

United States Cellular Stock Performance

Shares of USM stock opened at $65.67 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57. The business has a fifty day moving average of $62.81 and a 200 day moving average of $59.42. United States Cellular Co. has a 1 year low of $32.01 and a 1 year high of $68.31.

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.