Calamos Advisors LLC Buys New Shares in Millicom International Cellular SA (NASDAQ:TIGO)

Calamos Advisors LLC bought a new stake in shares of Millicom International Cellular SA (NASDAQ:TIGO - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 21,205 shares of the technology company's stock, valued at approximately $642,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Southeastern Asset Management Inc. TN acquired a new stake in Millicom International Cellular in the fourth quarter worth approximately $60,306,000. Park West Asset Management LLC bought a new position in Millicom International Cellular during the fourth quarter valued at about $6,165,000. Brandes Investment Partners LP grew its holdings in Millicom International Cellular by 1.5% during the fourth quarter. Brandes Investment Partners LP now owns 4,574,255 shares of the technology company's stock worth $114,402,000 after acquiring an additional 68,061 shares during the period. Squarepoint Ops LLC bought a new stake in Millicom International Cellular in the fourth quarter worth about $1,319,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Millicom International Cellular by 47.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 159,667 shares of the technology company's stock worth $3,993,000 after purchasing an additional 51,620 shares during the last quarter.

Millicom International Cellular Trading Up 1.2%

TIGO stock traded up $0.47 during midday trading on Monday, hitting $38.37. 1,210,160 shares of the company's stock were exchanged, compared to its average volume of 482,480. The stock's fifty day moving average price is $36.15 and its 200-day moving average price is $30.69. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.74 and a current ratio of 0.76. The company has a market cap of $6.60 billion, a PE ratio of 18.45 and a beta of 1.06. Millicom International Cellular SA has a one year low of $23.61 and a one year high of $38.92.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last posted its earnings results 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 return on equity of 10.02% and a net margin of 6.20%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The company's revenue for the quarter was down 7.6% on a year-over-year basis. Research analysts predict 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 announced a dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 8th will be given a $0.75 dividend. The ex-dividend date is Tuesday, July 8th. Millicom International Cellular's dividend payout ratio is currently 144.23%.

Analysts Set New Price Targets

Several research firms have issued reports on TIGO. Scotiabank lowered shares of 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 research report on Tuesday, June 17th. 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. UBS Group raised their price objective on shares of Millicom International Cellular from $31.50 to $39.50 and gave the stock a "buy" rating in a research note on Friday, May 16th. JPMorgan Chase & Co. lifted their target price 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. Finally, Barclays reduced their price objective on shares of 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. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $38.08.

Millicom International Cellular Company 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.