Jump Financial LLC Invests $4.03 Million in Millicom International Cellular SA $TIGO

Key Points

• Jump Financial LLC has invested $4.03 million in Millicom International Cellular, acquiring 133,270 shares during the 1st quarter.
• Millicom International Cellular's stock has seen a price increase of 1.3% and currently trades around $47.81, with a market cap of $8.23 billion.
• Recent analyst reports have resulted in raised price targets and ratings, with UBS Group increasing their target price from $31.50 to $39.50, and JPMorgan Chase & Co. setting a target of $55.00.

Jump Financial LLC bought a new stake in shares of Millicom International Cellular SA (NASDAQ:TIGO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 133,270 shares of the technology company's stock, valued at approximately $4,034,000. Jump Financial LLC owned approximately 0.08% of Millicom International Cellular at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Millicom International Cellular by 5,033.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,578,894 shares of the technology company's stock worth $168,874,000 after purchasing an additional 5,470,214 shares in the last quarter. Boston Partners bought a new stake in Millicom International Cellular in the first quarter worth $73,286,000. Southeastern Asset Management Inc. TN purchased a new stake in shares of Millicom International Cellular in the fourth quarter worth $60,306,000. Victory Capital Management Inc. bought a new position in shares of Millicom International Cellular during the first quarter valued at $22,999,000. Finally, Deutsche Bank AG bought a new stake in Millicom International Cellular during the 1st quarter valued at about $20,385,000.

Millicom International Cellular Stock Performance

Shares of TIGO traded down $0.28 on Friday, reaching $48.31. The company's stock had a trading volume of 787,126 shares, compared to its average volume of 1,202,649. The stock's 50 day simple moving average is $41.08 and its two-hundred day simple moving average is $35.14. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.89 and a quick ratio of 0.87. The stock has a market capitalization of $8.31 billion, a P/E ratio of 8.52 and a beta of 1.04. Millicom International Cellular SA has a 12-month low of $23.61 and a 12-month high of $48.92.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.03). The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.40 billion. Millicom International Cellular had a net margin of 16.97% and a return on equity of 10.32%. Research analysts forecast that Millicom International Cellular SA will post 1.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Scotiabank upped their target price on shares of Millicom International Cellular from $37.00 to $46.10 and gave the stock a "sector perform" rating in a research note on Tuesday, August 19th. Wall Street Zen raised Millicom International Cellular from a "buy" rating to a "strong-buy" rating in a report on Monday, August 25th. Zacks Research upgraded Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a report on Friday, August 15th. JPMorgan Chase & Co. upped their target price on shares of Millicom International Cellular from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, UBS Group boosted their price objective on shares of Millicom International Cellular from $31.50 to $39.50 and gave the company a "buy" rating in a report on Friday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $40.43.

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.