Squarepoint Ops LLC Purchases New Stake in Millicom International Cellular S.A. (NASDAQ:TIGO)

Squarepoint Ops LLC purchased a new stake in Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 52,746 shares of the technology company's stock, valued at approximately $1,319,000.

A number of other hedge funds also recently made changes to their positions in TIGO. Blue Trust Inc. boosted its position in shares of Millicom International Cellular by 69.5% during the 4th quarter. Blue Trust Inc. now owns 3,767 shares of the technology company's stock valued at $102,000 after acquiring an additional 1,544 shares in the last quarter. LB Partners LLC lifted its stake in Millicom International Cellular by 1.4% during the fourth quarter. LB Partners LLC now owns 518,923 shares of the technology company's stock worth $12,978,000 after purchasing an additional 7,000 shares during the period. Principal Securities Inc. boosted its holdings in Millicom International Cellular by 22.2% during the fourth 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 in the last quarter. Jones Financial Companies Lllp grew 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 period. 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 valued at $3,993,000 after purchasing an additional 51,620 shares during the period.

Millicom International Cellular Price Performance

Shares of TIGO stock traded down $0.10 during trading hours on Wednesday, hitting $36.63. 380,555 shares of the company's stock were exchanged, compared to its average volume of 399,081. The stock's 50-day moving average is $33.06 and its 200-day moving average is $28.87. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 38.97 and a beta of 1.03. Millicom International Cellular S.A. has a 52 week low of $22.59 and a 52 week high of $38.50.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $1.14 earnings per share (EPS) 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 business 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 earned $0.54 EPS. The firm's quarterly revenue was down 7.6% on a year-over-year basis. As a group, research analysts forecast that Millicom International Cellular S.A. will post 1.91 EPS for the current year.

Millicom International Cellular Announces Dividend

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

Wall Street Analyst Weigh In

TIGO has been the subject of a number of recent research reports. Barclays dropped their target price on Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating for the company in a report on Thursday, April 3rd. Scotiabank increased their price objective 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. JPMorgan Chase & Co. lifted their price objective on Millicom International Cellular from $41.00 to $50.00 and gave the company an "overweight" rating in a report on Tuesday, May 27th. Wall Street Zen downgraded shares of Millicom International Cellular from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Finally, UBS Group increased their target price on shares of Millicom International Cellular from $31.50 to $39.50 and gave the stock a "buy" rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Millicom International Cellular presently has a consensus rating of "Moderate Buy" and an average price target of $38.23.

About Millicom International Cellular

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.