United States Cellular Co. (NYSE:USM) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its holdings in shares of United States Cellular Co. (NYSE:USM) by 8.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 634,072 shares of the Wireless communications provider’s stock after selling 60,748 shares during the period. Loomis Sayles & Co. L P owned about 0.74% of United States Cellular worth $34,652,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Summit Securities Group LLC acquired a new stake in shares of United States Cellular during the second quarter valued at $28,000. SG Americas Securities LLC acquired a new position in United States Cellular in the 2nd quarter valued at $115,000. Bailard Inc. purchased a new position in shares of United States Cellular during the 2nd quarter worth $207,000. Invesco LLC purchased a new stake in shares of United States Cellular in the second quarter valued at $214,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of United States Cellular during the 2nd quarter valued at about $218,000. 18.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com raised shares of United States Cellular from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Raymond James upgraded shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Thursday, November 7th. Finally, Wells Fargo & Company raised their target price on shares of 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 NYSE:USM opened at $63.83 on Tuesday. The company has a market capitalization of $5.49 billion, a price-to-earnings ratio of -177.30 and a beta of 0.47. The company has a 50 day moving average of $59.27 and a two-hundred day moving average of $55.15. United States Cellular Co. has a 52-week low of $32.01 and a 52-week high of $68.31. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $922.00 million during the quarter, compared to the consensus estimate of $940.40 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. As a group, analysts forecast that United States Cellular Co. will post 0.57 earnings per share for the current fiscal 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.