Algert Global LLC Sells 7,436 Shares of United States Cellular Co. (NYSE:USM)

Algert Global LLC lowered its holdings in shares of United States Cellular Co. (NYSE:USM) by 9.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,290 shares of the Wireless communications provider’s stock after selling 7,436 shares during the quarter. Algert Global LLC owned approximately 0.08% of United States Cellular worth $3,787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Caxton Associates LP bought a new stake in shares of United States Cellular during the 1st quarter valued at $264,000. SG Americas Securities LLC purchased a new position in shares of United States Cellular in the second quarter valued at about $115,000. Welch Group LLC bought a new position in shares of United States Cellular in the second quarter worth about $614,000. TCW Group Inc. grew its position in shares of United States Cellular by 200.8% during the second quarter. TCW Group Inc. now owns 212,294 shares of the Wireless communications provider’s stock worth $11,850,000 after purchasing an additional 141,713 shares in the last quarter. Finally, Bailard Inc. bought a new stake in United States Cellular during the 2nd quarter valued at approximately $207,000. Institutional investors own 18.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on USM. StockNews.com upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Thursday, November 7th. Finally, Wells Fargo & Company increased their price target on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, November 4th.

United States Cellular Stock Down 1.8 %

Shares of USM opened at $63.83 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average of $59.27 and a 200 day moving average of $55.15. The company has a market cap of $5.49 billion, a PE ratio of -177.30 and a beta of 0.47. United States Cellular Co. has a 52-week low of $32.01 and a 52-week high of $68.31.

United States Cellular (NYSE:USM) last released its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The firm had revenue of $922.00 million during the quarter, compared to analysts’ expectations of $940.40 million. During the same period in the previous year, the company earned $0.26 EPS. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, sell-side analysts expect that United States Cellular Co. will post 0.57 EPS for the current year.

United States Cellular 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.