Harry J. Harczak, Jr. Sells 5,000 Shares of United States Cellular Corp (USM) Stock

United States Cellular Corp (NYSE:USM) Director Harry J. Harczak, Jr. sold 5,000 shares of the stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $52.05, for a total transaction of $260,250.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NYSE USM traded down $1.52 during trading hours on Thursday, reaching $52.72. The company’s stock had a trading volume of 11,649 shares, compared to its average volume of 189,665. The company has a quick ratio of 2.66, a current ratio of 2.71 and a debt-to-equity ratio of 0.40. United States Cellular Corp has a 52 week low of $32.06 and a 52 week high of $56.89. The stock has a market capitalization of $4.44 billion, a P/E ratio of 91.88, a P/E/G ratio of 38.52 and a beta of 0.35.

United States Cellular (NYSE:USM) last issued its earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.17. United States Cellular had a net margin of 10.21% and a return on equity of 3.05%. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $993.91 million. During the same quarter last year, the company posted $0.11 earnings per share. United States Cellular’s revenue was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that United States Cellular Corp will post 1.35 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. BNP Paribas Arbitrage SA lifted its holdings in United States Cellular by 241.3% in the second quarter. BNP Paribas Arbitrage SA now owns 5,075 shares of the Wireless communications provider’s stock worth $188,000 after acquiring an additional 3,588 shares during the last quarter. Capital Fund Management S.A. bought a new position in United States Cellular in the second quarter worth about $222,000. People s United Financial Inc. bought a new position in United States Cellular in the second quarter worth about $257,000. GSA Capital Partners LLP bought a new position in United States Cellular in the second quarter worth about $265,000. Finally, Sei Investments Co. lifted its holdings in United States Cellular by 980.9% in the second quarter. Sei Investments Co. now owns 7,588 shares of the Wireless communications provider’s stock worth $281,000 after acquiring an additional 6,886 shares during the last quarter. 15.53% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on USM shares. JPMorgan Chase & Co. cut shares of United States Cellular from a “neutral” rating to an “underweight” rating and set a $43.00 price target on the stock. in a research report on Wednesday, July 11th. ValuEngine cut shares of United States Cellular from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Zacks Investment Research cut shares of United States Cellular from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. Citigroup increased their price target on shares of United States Cellular from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Finally, B. Riley reaffirmed a “neutral” rating and set a $53.00 price target on shares of United States Cellular in a research report on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $51.00.

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About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.

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