United States Cellular Corp (NYSE:USM) SVP Edward Perez sold 1,844 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $39.92, for a total transaction of $73,612.48. Following the sale, the senior vice president now directly owns 7,845 shares of the company’s stock, valued at $313,172.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of USM stock opened at $40.74 on Wednesday. The company has a market cap of $3,581.52, a PE ratio of 339.50, a price-to-earnings-growth ratio of 58.06 and a beta of 0.51. United States Cellular Corp has a 1 year low of $32.06 and a 1 year high of $41.19. The company has a current ratio of 2.02, a quick ratio of 1.83 and a debt-to-equity ratio of 0.44.
United States Cellular (NYSE:USM) last released its quarterly earnings results on Friday, February 23rd. The Wireless communications provider reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.13. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1 billion. United States Cellular had a net margin of 0.31% and a return on equity of 1.22%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.07) earnings per share. equities research analysts predict that United States Cellular Corp will post 0.7 EPS for the current year.
Several research firms have commented on USM. ValuEngine lowered shares of United States Cellular from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Zacks Investment Research raised shares of United States Cellular from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Tuesday, February 27th.
Hedge funds have recently added to or reduced their stakes in the business. MUFG Americas Holdings Corp purchased a new stake in shares of United States Cellular during the third quarter valued at about $218,000. SG Americas Securities LLC purchased a new stake in shares of United States Cellular during the fourth quarter valued at about $246,000. Virtu Financial LLC purchased a new stake in shares of United States Cellular during the fourth quarter valued at about $253,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of United States Cellular during the fourth quarter valued at about $286,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of United States Cellular during the fourth quarter valued at about $292,000. 14.77% of the stock is owned by institutional investors and hedge funds.
United States Cellular 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.
Receive News & Ratings for United States Cellular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Cellular and related companies with MarketBeat.com's FREE daily email newsletter.