D. E. Shaw & Co. Inc. Sells 38,276 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

D. E. Shaw & Co. Inc. decreased its position in Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 27.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,258 shares of the technology company's stock after selling 38,276 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.06% of Millicom International Cellular worth $2,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in Millicom International Cellular by 69.5% in the 4th quarter. Blue Trust Inc. now owns 3,767 shares of the technology company's stock worth $102,000 after purchasing an additional 1,544 shares during the period. Wells Fargo & Company MN increased its stake in 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 worth $122,000 after purchasing an additional 2,055 shares during the period. Principal Securities Inc. increased its stake in Millicom International Cellular by 22.2% in the 4th quarter. Principal Securities Inc. now owns 7,030 shares of the technology company's stock worth $176,000 after purchasing an additional 1,277 shares during the period. Jones Financial Companies Lllp increased its stake in 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 worth $227,000 after purchasing an additional 545 shares during the period. Finally, Quantbot Technologies LP increased its stake in Millicom International Cellular by 1,405.3% in the 4th quarter. Quantbot Technologies LP now owns 12,238 shares of the technology company's stock worth $306,000 after purchasing an additional 11,425 shares during the period.

Millicom International Cellular Trading Up 2.2%

Millicom International Cellular stock opened at $36.85 on Tuesday. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 39.20 and a beta of 1.03. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. Millicom International Cellular S.A. has a 12 month low of $22.59 and a 12 month high of $36.88. The business's fifty day simple moving average is $31.49 and its two-hundred day simple moving average is $28.06.

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

Millicom International Cellular Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have commented on TIGO shares. Scotiabank lifted their price target on Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a research note on Friday, February 28th. Hsbc Global Res raised Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. Barclays reduced their price target on Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley assumed coverage on Millicom International Cellular in a research note on Wednesday, January 29th. They issued an "equal weight" rating and a $32.00 price target on the stock. Finally, UBS Group boosted their target price on Millicom International Cellular from $31.50 to $39.50 and gave the stock a "buy" rating in a report on Friday. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Millicom International Cellular currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.73.

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.

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