Citadel Advisors LLC trimmed its holdings in shares of United States Cellular Corporation (NYSE:USM) by 48.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,860 shares of the Wireless communications provider’s stock after selling 15,577 shares during the period. Citadel Advisors LLC’s holdings in United States Cellular Corporation were worth $646,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quinn Opportunity Partners LLC acquired a new position in shares of United States Cellular Corporation during the second quarter valued at $1,004,000. Systematic Financial Management LP acquired a new position in shares of United States Cellular Corporation during the second quarter valued at $1,719,000. Tudor Investment Corp ET AL increased its holdings in shares of United States Cellular Corporation by 16.9% during the first quarter. Tudor Investment Corp ET AL now owns 9,000 shares of the Wireless communications provider’s stock valued at $336,000 after purchasing an additional 1,300 shares during the period. Swiss National Bank increased its holdings in shares of United States Cellular Corporation by 6.3% during the first quarter. Swiss National Bank now owns 17,000 shares of the Wireless communications provider’s stock valued at $635,000 after purchasing an additional 1,000 shares during the period. Finally, Morgan Stanley increased its holdings in shares of United States Cellular Corporation by 377.6% during the first quarter. Morgan Stanley now owns 128,172 shares of the Wireless communications provider’s stock valued at $4,784,000 after purchasing an additional 101,337 shares during the period. 14.83% of the stock is currently owned by institutional investors.

In other United States Cellular Corporation news, EVP Steven T. Campbell sold 18,292 shares of the business’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $39.95, for a total value of $730,765.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.60% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: This piece was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2017/10/08/united-states-cellular-corporation-usm-shares-sold-by-citadel-advisors-llc.html.

United States Cellular Corporation (USM) opened at 36.92 on Friday. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 64.55 and a beta of 0.81. The stock’s 50 day moving average price is $36.74 and its 200-day moving average price is $38.03. United States Cellular Corporation has a one year low of $33.30 and a one year high of $46.01.

United States Cellular Corporation (NYSE:USM) last posted its quarterly earnings data on Friday, August 4th. The Wireless communications provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The business had revenue of $963.00 million during the quarter, compared to analyst estimates of $949.43 million. United States Cellular Corporation had a return on equity of 1.12% and a net margin of 1.26%. United States Cellular Corporation’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. On average, equities research analysts anticipate that United States Cellular Corporation will post $0.31 earnings per share for the current fiscal year.

A number of research analysts have recently commented on the company. Zacks Investment Research lowered United States Cellular Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub raised United States Cellular Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.33.

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.

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.