10,104 Shares in Millicom International Cellular S.A. (NASDAQ:TIGO) Bought by TT International Asset Management LTD

TT International Asset Management LTD acquired a new position in Millicom International Cellular S.A. (NASDAQ:TIGO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 10,104 shares of the technology company’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TIGO. Blue Trust Inc. increased its position in Millicom International Cellular by 159.7% in the 3rd quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock valued at $60,000 after buying an additional 1,367 shares in the last quarter. National Bank of Canada FI purchased a new position in Millicom International Cellular in the third quarter valued at approximately $76,000. Point72 Asset Management L.P. purchased a new position in Millicom International Cellular in the third quarter valued at approximately $87,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Millicom International Cellular in the third quarter valued at approximately $168,000. Finally, AQR Capital Management LLC purchased a new position in Millicom International Cellular in the second quarter valued at approximately $215,000.

Millicom International Cellular Stock Down 3.8 %

TIGO opened at $23.84 on Monday. The stock has a market cap of $2.43 billion, a PE ratio of 25.36 and a beta of 1.17. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59. Millicom International Cellular S.A. has a 52 week low of $15.55 and a 52 week high of $28.75. The business’s fifty day simple moving average is $25.45 and its 200 day simple moving average is $25.90.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.38). The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Millicom International Cellular had a net margin of 2.70% and a return on equity of 4.43%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) earnings per share. As a group, research analysts expect that Millicom International Cellular S.A. will post 1.98 earnings per share for the current fiscal year.

Millicom International Cellular Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 10th. Investors of record on Friday, January 3rd were paid a $1.00 dividend. The ex-dividend date of this dividend was Friday, January 3rd. Millicom International Cellular’s payout ratio is 106.38%.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the company from $30.00 to $37.30 in a research note on Friday, September 20th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.66.

Millicom International Cellular Profile

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.