Quest Partners LLC Grows Stake in United States Cellular Co. (NYSE:USM)

Quest Partners LLC lifted its stake in United States Cellular Co. (NYSE:USM) by 231.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,675 shares of the Wireless communications provider’s stock after purchasing an additional 3,263 shares during the quarter. Quest Partners LLC’s holdings in United States Cellular were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in United States Cellular in the second quarter worth about $28,000. SG Americas Securities LLC purchased a new position in United States Cellular in the 2nd quarter worth approximately $115,000. Bailard Inc. bought a new position in United States Cellular in the 2nd quarter valued at approximately $207,000. Invesco LLC bought a new position in United States Cellular in the 2nd quarter valued at approximately $214,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in United States Cellular during the 2nd quarter valued at $218,000. Institutional investors own 18.03% of the company’s stock.

United States Cellular Stock Up 1.7 %

USM stock opened at $64.93 on Wednesday. The company has a market cap of $5.58 billion, a price-to-earnings ratio of -180.36 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 50-day moving average is $59.39 and its two-hundred day moving average is $55.28. United States Cellular Co. has a fifty-two week low of $32.01 and a fifty-two week high of $68.31.

United States Cellular (NYSE:USM) last issued its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.13. The firm had revenue of $922.00 million for the quarter, compared to analysts’ expectations of $940.40 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.26 EPS. As a group, analysts forecast that United States Cellular Co. will post 0.57 earnings per share for the current year.

Wall Street Analyst Weigh In

USM has been the topic of a number of research analyst reports. StockNews.com raised United States Cellular from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Wells Fargo & Company upped 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. Finally, Raymond James upgraded shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research note on Thursday, November 7th.

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.