35,939 Shares in Millicom International Cellular SA $TIGO Purchased by Trexquant Investment LP

Key Points

• Trexquant Investment LP has acquired 35,939 shares of Millicom International Cellular SA, valued at approximately $1,088,000, indicating growing institutional interest in the company.
• Millicom recently announced a special dividend of $1.25, which will have an impressive dividend yield of 620.0%, reinforcing its commitment to returning value to shareholders.
• Analysts have given Millicom a consensus rating of "Moderate Buy", with a target price increase reflecting positive expectations for the company's performance.

Trexquant Investment LP acquired a new stake in shares of Millicom International Cellular SA (NASDAQ:TIGO - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 35,939 shares of the technology company's stock, valued at approximately $1,088,000.

Other hedge funds have also added to or reduced their stakes in the company. State of Wyoming purchased a new position in Millicom International Cellular during the 4th quarter valued at $49,000. Caitong International Asset Management Co. Ltd purchased a new position in Millicom International Cellular during the 1st quarter valued at $84,000. Wells Fargo & Company MN increased its position in Millicom International Cellular by 72.4% during the 4th quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company's stock valued at $122,000 after purchasing an additional 2,055 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Millicom International Cellular by 65.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,284 shares of the technology company's stock valued at $190,000 after purchasing an additional 2,489 shares during the period. Finally, EWA LLC purchased a new position in Millicom International Cellular during the 1st quarter valued at $201,000.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TIGO shares. Zacks Research raised shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Scotiabank boosted their price objective on shares of Millicom International Cellular from $37.00 to $46.10 and gave the company a "sector perform" rating in a research report on Tuesday, August 19th. UBS Group cut shares of Millicom International Cellular from a "buy" rating to a "neutral" rating and boosted their target price for the company from $39.50 to $49.00 in a report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Millicom International Cellular from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Finally, Wall Street Zen upgraded shares of Millicom International Cellular from a "buy" rating to a "strong-buy" rating in a report on Monday, August 25th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Millicom International Cellular currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.02.

Millicom International Cellular Stock Up 0.8%

Millicom International Cellular stock traded up $0.37 during mid-day trading on Friday, reaching $47.53. The stock had a trading volume of 778,281 shares, compared to its average volume of 1,120,902. The company has a market capitalization of $8.18 billion, a price-to-earnings ratio of 8.38 and a beta of 1.09. The company has a 50-day moving average price of $43.26 and a two-hundred day moving average price of $36.53. Millicom International Cellular SA has a one year low of $23.61 and a one year high of $50.78. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.89 and a quick ratio of 0.87.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.40 billion. Millicom International Cellular had a return on equity of 10.32% and a net margin of 16.97%. On average, analysts expect that Millicom International Cellular SA will post 1.91 EPS for the current fiscal year.

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.