Calamos Advisors LLC Invests $642,000 in Millicom International Cellular SA (NASDAQ:TIGO)

Calamos Advisors LLC purchased a new stake in Millicom International Cellular SA (NASDAQ:TIGO - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 21,205 shares of the technology company's stock, valued at approximately $642,000.

A number of other large investors also recently modified their holdings of the company. Brandes Investment Partners LP increased its holdings in Millicom International Cellular by 1.5% in the fourth quarter. Brandes Investment Partners LP now owns 4,574,255 shares of the technology company's stock valued at $114,402,000 after purchasing an additional 68,061 shares during the period. Southeastern Asset Management Inc. TN acquired a new stake in Millicom International Cellular during the 4th quarter worth about $60,306,000. Park West Asset Management LLC acquired a new stake in Millicom International Cellular during the 4th quarter worth about $6,165,000. Charles Schwab Investment Management Inc. grew its holdings in Millicom International Cellular by 47.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 159,667 shares of the technology company's stock worth $3,993,000 after acquiring an additional 51,620 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Millicom International Cellular by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 154,661 shares of the technology company's stock worth $3,868,000 after acquiring an additional 1,500 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TIGO shares. JPMorgan Chase & Co. increased their price target on Millicom International Cellular from $41.00 to $50.00 and gave the stock an "overweight" rating in a report on Tuesday, May 27th. Wall Street Zen downgraded Millicom International Cellular from a "strong-buy" rating to a "buy" rating in a report on Friday, May 30th. Barclays reduced their target price on Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating for the company in a research note on Thursday, April 3rd. UBS Group boosted their target price on Millicom International Cellular from $31.50 to $39.50 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Scotiabank lowered Millicom International Cellular from a "sector outperform" rating to a "sector perform" rating and set a $37.00 price target on the stock. in a report on Tuesday, June 17th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.08.

Millicom International Cellular Stock Up 0.7%

TIGO traded up $0.25 during trading on Thursday, hitting $37.44. 875,217 shares of the company's stock were exchanged, compared to its average volume of 489,456. The company has a quick ratio of 0.74, a current ratio of 0.76 and a debt-to-equity ratio of 1.65. The business's 50 day moving average is $36.36 and its two-hundred day moving average is $30.88. Millicom International Cellular SA has a fifty-two week low of $23.61 and a fifty-two week high of $38.92. The stock has a market cap of $6.44 billion, a P/E ratio of 18.00 and a beta of 1.06.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last announced its earnings results on Thursday, May 8th. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.91 by $0.23. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.45 billion. Millicom International Cellular had a net margin of 6.20% and a return on equity of 10.02%. The firm's revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.54 earnings per share. As a group, equities analysts expect that Millicom International Cellular SA will post 1.91 earnings per share for the current fiscal year.

Millicom International Cellular Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 8th will be issued a dividend of $0.75 per share. The ex-dividend date is Tuesday, July 8th. This represents a $3.00 dividend on an annualized basis and a yield of 8.01%. Millicom International Cellular's dividend payout ratio (DPR) is presently 144.23%.

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.