Two Sigma Advisers LP Makes New Investment in Millicom International Cellular S.A. (NASDAQ:TIGO)

Two Sigma Advisers LP bought a new position in shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 39,500 shares of the technology company's stock, valued at approximately $988,000.

Other institutional investors have also recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in Millicom International Cellular during the 4th quarter worth approximately $49,000. Blue Trust Inc. boosted its stake in shares of Millicom International Cellular by 69.5% in the 4th quarter. Blue Trust Inc. now owns 3,767 shares of the technology company's stock valued at $102,000 after purchasing an additional 1,544 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Millicom International Cellular by 72.4% in the 4th quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company's stock valued at $122,000 after purchasing an additional 2,055 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of Millicom International Cellular by 22.2% in the 4th quarter. Principal Securities Inc. now owns 7,030 shares of the technology company's stock valued at $176,000 after purchasing an additional 1,277 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Millicom International Cellular by 6.4% in the 4th quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company's stock valued at $227,000 after purchasing an additional 545 shares during the last quarter.

Millicom International Cellular Stock Down 0.2%

Shares of Millicom International Cellular stock traded down $0.06 during trading on Thursday, reaching $36.57. 435,935 shares of the company traded hands, compared to its average volume of 400,492. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. Millicom International Cellular S.A. has a 1-year low of $22.59 and a 1-year high of $38.50. The company has a 50 day moving average price of $33.06 and a 200-day moving average price of $28.87. The firm has a market capitalization of $6.29 billion, a PE ratio of 38.90 and a beta of 1.03.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.23. Millicom International Cellular had a net margin of 2.70% and a return on equity of 4.43%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. The business's revenue was down 7.6% on a year-over-year basis. As a group, equities research analysts expect that Millicom International Cellular S.A. will post 1.91 earnings per share for the current fiscal year.

Millicom International Cellular Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a yield of 3.9%. Millicom International Cellular's payout ratio is 144.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TIGO shares. UBS Group upped their price objective on shares of Millicom International Cellular from $31.50 to $39.50 and gave the company a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. upped their price objective on shares of Millicom International Cellular from $41.00 to $50.00 and gave the company an "overweight" rating in a research note on Tuesday, May 27th. Scotiabank upped their price objective on shares of Millicom International Cellular from $37.30 to $37.90 and gave the company a "sector outperform" rating in a research note on Friday, February 28th. Wall Street Zen lowered shares of Millicom International Cellular from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Finally, Barclays dropped their target price on shares of Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Millicom International Cellular presently has a consensus rating of "Moderate Buy" and an average price target of $38.23.

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.