Charles Schwab Investment Management Inc. Acquires 29,927 Shares of United States Cellular Co. (NYSE:USM)

Charles Schwab Investment Management Inc. grew its holdings in United States Cellular Co. (NYSE:USM) by 20.9% in the 4th quarter, HoldingsChannel reports. The firm owned 172,948 shares of the Wireless communications provider’s stock after buying an additional 29,927 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in United States Cellular were worth $10,847,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Skylands Capital LLC purchased a new position in shares of United States Cellular in the 4th quarter worth approximately $1,022,000. Venturi Wealth Management LLC grew its position in shares of United States Cellular by 1,917.3% in the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock worth $139,000 after buying an additional 2,109 shares during the last quarter. Park Capital Management LLC WI purchased a new position in shares of United States Cellular in the 4th quarter worth approximately $459,000. Invesco LLC purchased a new position in shares of United States Cellular in the 4th quarter worth approximately $219,000. Finally, R Squared Ltd purchased a new position in shares of United States Cellular in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 18.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of United States Cellular from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. StockNews.com raised shares of United States Cellular from a “sell” rating to a “hold” rating in a research report on Friday, February 21st.

United States Cellular Stock Up 0.8 %

NYSE:USM opened at $67.54 on Friday. The company has a market cap of $5.74 billion, a PE ratio of -187.61 and a beta of 0.46. United States Cellular Co. has a twelve month low of $33.38 and a twelve month high of $69.20. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $64.65 and its two-hundred day moving average is $61.72.

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, topping 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 negative net margin of 0.79% and a positive return on equity of 1.55%. During the same quarter in the previous year, the firm earned $0.23 EPS. Analysts anticipate that United States Cellular Co. will post 0.57 EPS 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.