United States Cellular Co. (NYSE:USM) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV cut its holdings in shares of United States Cellular Co. (NYSE:USM – Get Rating) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,037 shares of the Wireless communications provider’s stock after selling 1,093 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in United States Cellular were worth $501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in USM. Swiss National Bank lifted its position in United States Cellular by 7.5% in the first quarter. Swiss National Bank now owns 31,500 shares of the Wireless communications provider’s stock worth $952,000 after purchasing an additional 2,200 shares during the period. American Century Companies Inc. increased its holdings in shares of United States Cellular by 26.2% in the first quarter. American Century Companies Inc. now owns 66,307 shares of the Wireless communications provider’s stock valued at $2,004,000 after buying an additional 13,757 shares in the last quarter. HighTower Advisors LLC increased its holdings in shares of United States Cellular by 61.6% in the first quarter. HighTower Advisors LLC now owns 10,615 shares of the Wireless communications provider’s stock valued at $321,000 after buying an additional 4,048 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of United States Cellular by 58.5% in the first quarter. MetLife Investment Management LLC now owns 8,957 shares of the Wireless communications provider’s stock valued at $271,000 after buying an additional 3,306 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of United States Cellular by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,897,981 shares of the Wireless communications provider’s stock valued at $57,376,000 after buying an additional 27,697 shares in the last quarter. 15.89% of the stock is currently owned by institutional investors and hedge funds.

United States Cellular Price Performance

Shares of NYSE:USM opened at $14.37 on Monday. The company’s fifty day moving average is $19.80 and its two-hundred day moving average is $21.38. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.64 and a quick ratio of 1.36. United States Cellular Co. has a 12-month low of $14.12 and a 12-month high of $32.41.

United States Cellular (NYSE:USM – Get Rating) last announced its earnings results on Friday, May 5th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). United States Cellular had a negative net margin of 0.14% and a negative return on equity of 0.13%. The firm had revenue of $986.00 million for the quarter, compared to analyst estimates of $1.02 billion. During the same period last year, the firm earned $0.57 earnings per share. United States Cellular’s revenue for the quarter was down 2.4% compared to the same quarter last year. Equities research analysts predict that United States Cellular Co. will post 0.11 EPS for the current year.

Insider Buying and Selling at United States Cellular

In other United States Cellular news, EVP Michael Irizarry sold 18,826 shares of the business’s stock in a transaction on Monday, April 10th. The shares were sold at an average price of $22.15, for a total transaction of $416,995.90. Following the sale, the executive vice president now directly owns 18,825 shares of the company’s stock, valued at approximately $416,973.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on USM shares. StockNews.com raised United States Cellular from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Morgan Stanley dropped their price target on United States Cellular from $37.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 7th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, United States Cellular has an average rating of “Hold” and a consensus price target of $22.67.

United States Cellular Company Profile

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United States Cellular Corp. engages in the provision of wireless telecommunication services. Its products include smartphones, tablets, vehicle routers, and accessories. It offers Internet plans, prepaid and postpaid plans, and roaming services. The company was founded by Leroy T. Carlson in 1983 and is headquartered in Chicago, IL.