Connor Clark & Lunn Investment Management Ltd. Grows Stock Position in United States Cellular Co. (NYSE:USM)

Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of United States Cellular Co. (NYSE:USM - Free Report) by 171.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,069 shares of the Wireless communications provider's stock after buying an additional 9,521 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in United States Cellular were worth $945,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Amundi increased its holdings in United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock worth $99,000 after acquiring an additional 244 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of United States Cellular by 6.3% during the third quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider's stock worth $227,000 after purchasing an additional 245 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of United States Cellular by 0.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,029 shares of the Wireless communications provider's stock worth $1,969,000 after purchasing an additional 264 shares during the last quarter. R Squared Ltd purchased a new position in United States Cellular in the 4th quarter valued at about $38,000. Finally, Victory Capital Management Inc. lifted its stake in United States Cellular by 13.8% in the 4th quarter. Victory Capital Management Inc. now owns 17,247 shares of the Wireless communications provider's stock valued at $1,082,000 after buying an additional 2,094 shares in the last quarter. 18.03% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of equities analysts have commented on the company. StockNews.com raised United States Cellular from a "sell" rating to a "hold" rating in a report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on United States Cellular from $86.00 to $88.00 and gave the company an "overweight" rating in a research note on Monday, February 24th.

United States Cellular Price Performance

USM stock traded up $0.74 during mid-day trading on Monday, reaching $68.45. The company's stock had a trading volume of 176,443 shares, compared to its average volume of 198,384. The stock has a market cap of $5.82 billion, a PE ratio of -190.14 and a beta of 0.46. The company's 50 day moving average is $64.65 and its two-hundred day moving average is $61.76. United States Cellular Co. has a fifty-two week low of $33.38 and a fifty-two week high of $69.20. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63.

United States Cellular (NYSE:USM - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported $0.05 EPS for the quarter, topping analysts' consensus estimates of ($0.10) by $0.15. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The firm had revenue of $970.00 million for the quarter, compared to the consensus estimate of $964.70 million. During the same quarter last year, the business posted $0.23 earnings per share. Equities research analysts expect that United States Cellular Co. will post 0.57 EPS for the current year.

About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.