New York Life Investment Management LLC Trims Holdings in United States Cellular Co. (NYSE:USM)

New York Life Investment Management LLC reduced its stake in United States Cellular Co. (NYSE:USM) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,789 shares of the Wireless communications provider’s stock after selling 359 shares during the quarter. New York Life Investment Management LLC’s holdings in United States Cellular were worth $697,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of United States Cellular by 32.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,580 shares of the Wireless communications provider’s stock valued at $190,000 after purchasing an additional 1,117 shares during the period. Bfsg LLC purchased a new stake in shares of United States Cellular during the 4th quarter valued at approximately $137,000. DekaBank Deutsche Girozentrale acquired a new position in United States Cellular in the third quarter valued at approximately $149,000. Aigen Investment Management LP acquired a new position in United States Cellular in the third quarter valued at approximately $206,000. Finally, Jackson Square Capital LLC grew its position in United States Cellular by 43.2% in the fourth quarter. Jackson Square Capital LLC now owns 16,303 shares of the Wireless communications provider’s stock worth $677,000 after acquiring an additional 4,917 shares during the period. 18.03% of the stock is owned by institutional investors and hedge funds.

United States Cellular Price Performance

NYSE:USM opened at $35.99 on Thursday. United States Cellular Co. has a 52 week low of $13.79 and a 52 week high of $48.47. The stock’s fifty day moving average is $35.64 and its two-hundred day moving average is $39.60. The company has a market capitalization of $3.06 billion, a P/E ratio of 53.72 and a beta of 0.45. The company has a quick ratio of 1.33, a current ratio of 1.55 and a debt-to-equity ratio of 0.66.

United States Cellular (NYSE:USM) last issued its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.06). United States Cellular had a return on equity of 1.30% and a net margin of 1.55%. The business had revenue of $950.00 million for the quarter, compared to analyst estimates of $957.75 million. During the same period in the previous year, the business posted $0.15 earnings per share. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. Equities analysts expect that United States Cellular Co. will post 0.74 EPS for the current year.

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.