TIAA CREF Investment Management LLC raised its stake in shares of United States Cellular Corporation (NYSE:USM) by 13.6% during the first quarter, Holdings Channel reports. The institutional investor owned 48,516 shares of the Wireless communications provider’s stock after buying an additional 5,799 shares during the period. TIAA CREF Investment Management LLC’s holdings in United States Cellular Corporation were worth $1,811,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Sei Investments Co. increased its stake in shares of United States Cellular Corporation by 19.7% in the first quarter. Sei Investments Co. now owns 2,897 shares of the Wireless communications provider’s stock valued at $108,000 after buying an additional 476 shares in the last quarter. Bank of Montreal Can increased its stake in shares of United States Cellular Corporation by 98.5% in the first quarter. Bank of Montreal Can now owns 3,710 shares of the Wireless communications provider’s stock valued at $138,000 after buying an additional 1,841 shares in the last quarter. First Manhattan Co. increased its stake in shares of United States Cellular Corporation by 210.6% in the first quarter. First Manhattan Co. now owns 8,324 shares of the Wireless communications provider’s stock valued at $302,000 after buying an additional 5,644 shares in the last quarter. Quotient Investors LLC acquired a new stake in shares of United States Cellular Corporation during the first quarter valued at approximately $329,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of United States Cellular Corporation by 4.5% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 9,300 shares of the Wireless communications provider’s stock valued at $347,000 after buying an additional 400 shares in the last quarter. Institutional investors and hedge funds own 14.76% of the company’s stock.

Shares of United States Cellular Corporation (NYSE USM) opened at 40.43 on Wednesday. United States Cellular Corporation has a 52 week low of $33.30 and a 52 week high of $46.01. The stock has a market capitalization of $3.43 billion, a P/E ratio of 53.06 and a beta of 0.82. The firm’s 50-day moving average price is $38.18 and its 200 day moving average price is $39.28.

United States Cellular Corporation (NYSE:USM) last announced its quarterly earnings data on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by $0.03. The company had revenue of $963 million for the quarter, compared to analysts’ expectations of $949.43 million. United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. United States Cellular Corporation’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. Analysts expect that United States Cellular Corporation will post $0.49 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: “United States Cellular Corporation (USM) Position Increased by TIAA CREF Investment Management LLC” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/09/united-states-cellular-corporation-usm-position-increased-by-tiaa-cref-investment-management-llc.html.

Several analysts have commented on the company. BidaskClub upgraded United States Cellular Corporation from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research upgraded United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, August 2nd. Finally, ValuEngine upgraded United States Cellular Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, May 11th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $38.00.

United States Cellular Corporation Company Profile

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.

Want to see what other hedge funds are holding USM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United States Cellular Corporation (NYSE:USM).

Institutional Ownership by Quarter for United States Cellular Corporation (NYSE:USM)

Receive News & Ratings for United States Cellular Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Cellular Corporation and related companies with MarketBeat.com's FREE daily email newsletter.