Chicago Equity Partners LLC acquired a new stake in United States Cellular Corporation (NYSE:USM) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,500 shares of the Wireless communications provider’s stock, valued at approximately $441,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sei Investments Co. raised its holdings in United States Cellular Corporation by 19.7% during the 1st quarter. Sei Investments Co. now owns 2,897 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 476 shares during the last quarter. Bank of Montreal Can raised its holdings in United States Cellular Corporation by 98.5% during the 1st quarter. Bank of Montreal Can now owns 3,710 shares of the Wireless communications provider’s stock worth $138,000 after purchasing an additional 1,841 shares during the last quarter. Legal & General Group Plc raised its holdings in United States Cellular Corporation by 183.9% during the 2nd quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock worth $241,000 after purchasing an additional 4,068 shares during the last quarter. Parkwood LLC bought a new position in United States Cellular Corporation during the 2nd quarter worth approximately $259,000. Finally, Tudor Investment Corp ET AL raised its holdings in United States Cellular Corporation by 16.9% during the 1st quarter. Tudor Investment Corp ET AL now owns 9,000 shares of the Wireless communications provider’s stock worth $336,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 14.83% of the company’s stock.

In other United States Cellular Corporation news, EVP Steven T. Campbell sold 18,292 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $39.95, for a total value of $730,765.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

USM has been the subject of several analyst reports. Zacks Investment Research upgraded shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, August 2nd. BidaskClub lowered shares of United States Cellular Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $38.00.

United States Cellular Corporation (USM) opened at 35.52 on Wednesday. United States Cellular Corporation has a 12-month low of $33.30 and a 12-month high of $46.01. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 62.10 and a beta of 0.83. The firm’s 50-day moving average is $38.41 and its 200 day moving average is $38.23.

United States Cellular Corporation (NYSE:USM) last announced its quarterly earnings data on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.03). United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. The company had revenue of $963.00 million during the quarter, compared to the consensus estimate of $949.43 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. On average, equities analysts expect that United States Cellular Corporation will post $0.31 earnings per share for the current fiscal year.

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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.

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

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