Natixis Advisors LLC Sells 3,789 Shares of United States Cellular Co. (NYSE:USM)

Natixis Advisors LLC reduced its stake in United States Cellular Co. (NYSE:USM) by 13.5% during the third quarter, HoldingsChannel reports. The firm owned 24,288 shares of the Wireless communications provider’s stock after selling 3,789 shares during the quarter. Natixis Advisors LLC’s holdings in United States Cellular were worth $1,327,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in USM. Summit Securities Group LLC bought a new stake in shares of United States Cellular during the second quarter worth $28,000. Creative Planning boosted its holdings in shares of United States Cellular by 12.4% during the 3rd quarter. Creative Planning now owns 7,238 shares of the Wireless communications provider’s stock valued at $396,000 after acquiring an additional 800 shares in the last quarter. Victory Capital Management Inc. grew its position in United States Cellular by 8.7% during the 2nd quarter. Victory Capital Management Inc. now owns 12,475 shares of the Wireless communications provider’s stock worth $696,000 after acquiring an additional 994 shares during the last quarter. Innealta Capital LLC grew its position in United States Cellular by 22.9% during the 3rd quarter. Innealta Capital LLC now owns 5,329 shares of the Wireless communications provider’s stock worth $291,000 after acquiring an additional 994 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in United States Cellular in the 2nd quarter worth about $115,000. 18.03% of the stock is owned by institutional investors.

United States Cellular Stock Performance

NYSE USM opened at $64.93 on Wednesday. United States Cellular Co. has a 1 year low of $32.01 and a 1 year high of $68.31. The firm has a market cap of $5.58 billion, a price-to-earnings ratio of -179.72 and a beta of 0.47. The company has a fifty day moving average price of $59.39 and a 200-day moving average price of $55.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.13. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The firm had revenue of $922.00 million during the quarter, compared to analyst estimates of $940.40 million. During the same period last year, the firm posted $0.26 EPS. The business’s revenue was down 4.3% compared to the same quarter last year. As a group, equities research analysts predict that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. StockNews.com upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Wells Fargo & Company lifted their price target on shares of United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Raymond James upgraded 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.

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.