Promus Capital LLC Makes New Investment in United States Cellular Co. (NYSE:USM)

Promus Capital LLC bought a new position in United States Cellular Co. (NYSE:USM) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,274 shares of the Wireless communications provider’s stock, valued at approximately $1,397,000. United States Cellular makes up approximately 1.3% of Promus Capital LLC’s investment portfolio, making the stock its 15th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC grew its holdings in shares of United States Cellular by 3.5% in the third quarter. FMR LLC now owns 247,985 shares of the Wireless communications provider’s stock worth $13,552,000 after acquiring an additional 8,416 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of United States Cellular by 20.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 172,948 shares of the Wireless communications provider’s stock worth $10,847,000 after acquiring an additional 29,927 shares during the period. Geode Capital Management LLC grew its holdings in shares of United States Cellular by 4.7% in the third quarter. Geode Capital Management LLC now owns 166,181 shares of the Wireless communications provider’s stock worth $9,085,000 after acquiring an additional 7,449 shares during the period. State Street Corp grew its holdings in shares of United States Cellular by 13.0% in the third quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider’s stock worth $5,812,000 after acquiring an additional 12,219 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of United States Cellular by 34.3% in the third quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider’s stock worth $2,879,000 after acquiring an additional 13,467 shares during the period. Institutional investors own 18.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on USM. Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price objective on United States Cellular from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Finally, StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research report on Friday, February 21st.

United States Cellular Price Performance

NYSE USM opened at $64.50 on Thursday. The company has a market capitalization of $5.48 billion, a PE ratio of -179.15 and a beta of 0.47. 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’s fifty day moving average is $63.91 and its 200 day moving average is $60.82. United States Cellular Co. has a fifty-two week low of $33.38 and a fifty-two week high of $69.20.

United States Cellular (NYSE:USM) last released its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.15. The company had revenue of $970.00 million for the quarter, compared to the consensus estimate of $964.70 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. During the same period in the previous year, the business earned $0.23 earnings per share. Sell-side analysts predict that United States Cellular Co. will post 0.57 earnings per share for the current year.

United States Cellular Company Profile

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.