Mackenzie Financial Corp Grows Stock Holdings in United States Cellular Co. (NYSE:USM)

Mackenzie Financial Corp raised its position in shares of United States Cellular Co. (NYSE:USM) by 105.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,291 shares of the Wireless communications provider’s stock after purchasing an additional 13,478 shares during the period. Mackenzie Financial Corp’s holdings in United States Cellular were worth $1,092,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in USM. Zurcher Kantonalbank Zurich Cantonalbank raised its position in United States Cellular by 226.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,463 shares of the Wireless communications provider’s stock valued at $149,000 after purchasing an additional 2,403 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of United States Cellular in the third quarter worth about $149,000. Aigen Investment Management LP purchased a new position in shares of United States Cellular in the third quarter worth about $206,000. Advisor Partners II LLC purchased a new position in shares of United States Cellular in the third quarter worth about $215,000. Finally, Graham Capital Management L.P. purchased a new position in shares of United States Cellular in the third quarter worth about $228,000. Hedge funds and other institutional investors own 18.03% of the company’s stock.

United States Cellular Stock Up 2.8 %

USM opened at $36.76 on Thursday. The company has a market cap of $3.12 billion, a P/E ratio of 59.29 and a beta of 0.46. The business’s 50-day moving average price is $35.40 and its 200-day moving average price is $40.09. The company has a current ratio of 1.55, a quick ratio of 1.33 and a debt-to-equity ratio of 0.66. United States Cellular Co. has a 12 month low of $13.79 and a 12 month high of $48.47.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, February 16th. The Wireless communications provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.03 by $0.13. The firm had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $984.18 million. United States Cellular had a return on equity of 1.19% and a net margin of 1.41%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.33) earnings per share. On average, equities analysts expect that United States Cellular Co. will post 0.74 EPS for the current year.

United States Cellular Profile

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.