United States Cellular (NYSE:USM) Shares Down 4.8%

United States Cellular Co. (NYSE:USM)’s share price traded down 4.8% during trading on Tuesday . The company traded as low as $33.38 and last traded at $33.51. 83,855 shares traded hands during trading, a decline of 61% from the average session volume of 213,313 shares. The stock had previously closed at $35.21.

United States Cellular Stock Performance

The stock has a 50 day simple moving average of $36.27 and a 200 day simple moving average of $40.33. The stock has a market cap of $2.93 billion, a P/E ratio of 56.77 and a beta of 0.46. The company has a current ratio of 1.55, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, February 16th. The Wireless communications provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.03 by $0.13. The firm had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $984.18 million. United States Cellular had a return on equity of 1.19% and a net margin of 1.41%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.33) EPS. On average, equities analysts expect that United States Cellular Co. will post 0.68 earnings per share for the current year.

Institutional Trading of United States Cellular

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in United States Cellular by 157.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,058 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 647 shares during the last quarter. UBS Group AG boosted its holdings in United States Cellular by 85.1% in the 3rd quarter. UBS Group AG now owns 1,146 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 527 shares during the period. Quarry LP bought a new position in United States Cellular in the 1st quarter worth $31,000. Point72 Hong Kong Ltd bought a new position in United States Cellular in the 1st quarter worth $32,000. Finally, Citigroup Inc. boosted its holdings in United States Cellular by 64.4% in the 2nd quarter. Citigroup Inc. now owns 1,960 shares of the Wireless communications provider’s stock worth $35,000 after buying an additional 768 shares during the period. 18.03% of the stock is owned by institutional investors.

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.