Michael Irizarry Sells 1,746 Shares of United States Cellular Corp (USM) Stock

United States Cellular Corp (NYSE:USM) EVP Michael Irizarry sold 1,746 shares of the stock in a transaction on Wednesday, September 26th. The stock was sold at an average price of $43.40, for a total transaction of $75,776.40. Following the completion of the sale, the executive vice president now owns 59,300 shares in the company, valued at approximately $2,573,620. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NYSE USM traded up $0.50 during mid-day trading on Thursday, reaching $43.99. 3,209 shares of the stock were exchanged, compared to its average volume of 112,244. United States Cellular Corp has a 1 year low of $32.06 and a 1 year high of $45.00. The company has a market capitalization of $3.72 billion, a PE ratio of 75.03, a price-to-earnings-growth ratio of 39.21 and a beta of 0.57. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.66 and a current ratio of 2.90.

United States Cellular (NYSE:USM) last announced its quarterly earnings results on Friday, August 3rd. The Wireless communications provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.37. United States Cellular had a net margin of 1.74% and a return on equity of 2.78%. The firm had revenue of $974.00 million for the quarter, compared to the consensus estimate of $960.58 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. equities analysts expect that United States Cellular Corp will post 1.11 EPS for the current year.

USM has been the topic of a number of research reports. ValuEngine lowered shares of United States Cellular from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Zacks Investment Research downgraded shares of United States Cellular from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. 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 report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. downgraded 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 report on Wednesday, July 11th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $45.00.

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

United States Cellular Company Profile

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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