Nisa Investment Advisors LLC maintained its position in United States Cellular Corporation (NYSE:USM) during the second quarter, Holdings Channel reports. The institutional investor owned 10,600 shares of the Wireless communications provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in United States Cellular Corporation were worth $417,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in USM. Sei Investments Co. raised its position in 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 worth $108,000 after buying an additional 476 shares during the period. Bank of Montreal Can raised its position in 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 worth $138,000 after buying an additional 1,841 shares during the period. First Manhattan Co. raised its position in 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 worth $302,000 after buying an additional 5,644 shares during the period. Quotient Investors LLC purchased a new position in United States Cellular Corporation during the first quarter worth approximately $329,000. Finally, Tudor Investment Corp ET AL raised its position in United States Cellular Corporation by 16.9% in the first quarter. Tudor Investment Corp ET AL now owns 9,000 shares of the Wireless communications provider’s stock worth $336,000 after buying an additional 1,300 shares during the period. Institutional investors own 14.76% of the company’s stock.

Shares of United States Cellular Corporation (USM) remained flat at $38.80 during midday trading on Friday. 109,530 shares of the company were exchanged. The firm has a 50 day moving average price of $38.42 and a 200-day moving average price of $39.11. 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 cap of $3.30 billion, a price-to-earnings ratio of 67.83 and a beta of 0.82.

United States Cellular Corporation (NYSE:USM) last posted its earnings results 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 firm had revenue of $963 million for the quarter, compared to the consensus estimate of $949.43 million. United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. The firm’s revenue was down 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, equities research analysts anticipate that United States Cellular Corporation will post $0.44 earnings per share for the current year.

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A number of research firms have recently commented on USM. Zacks Investment Research upgraded shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, August 2nd. BidaskClub upgraded shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, ValuEngine upgraded shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $38.00.

In other news, EVP Steven T. Campbell sold 18,292 shares of the stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $39.95, for a total transaction of $730,765.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by corporate insiders.

About United States Cellular Corporation

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.

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

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