Two Sigma Investments LP boosted its holdings in shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 229.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,113 shares of the technology company's stock after purchasing an additional 39,771 shares during the quarter. Two Sigma Investments LP's holdings in Millicom International Cellular were worth $1,428,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. State of Wyoming purchased a new position in Millicom International Cellular during the fourth quarter worth approximately $49,000. Southeastern Asset Management Inc. TN purchased a new position in Millicom International Cellular during the fourth quarter worth approximately $60,306,000. Raiffeisen Bank International AG acquired a new position in shares of Millicom International Cellular during the fourth quarter valued at approximately $248,000. Point72 Asset Management L.P. raised its holdings in shares of Millicom International Cellular by 422.0% during the fourth quarter. Point72 Asset Management L.P. now owns 16,704 shares of the technology company's stock valued at $418,000 after acquiring an additional 13,504 shares during the last quarter. Finally, Occudo Quantitative Strategies LP boosted its stake in shares of Millicom International Cellular by 37.4% in the fourth quarter. Occudo Quantitative Strategies LP now owns 10,983 shares of the technology company's stock worth $275,000 after acquiring an additional 2,992 shares during the last quarter.
Millicom International Cellular Trading Down 0.1%
Millicom International Cellular stock traded down $0.05 during trading on Friday, reaching $36.52. 459,960 shares of the company were exchanged, compared to its average volume of 402,070. Millicom International Cellular S.A. has a 52-week low of $22.59 and a 52-week high of $38.50. The company has a market capitalization of $6.28 billion, a P/E ratio of 38.85 and a beta of 1.08. 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's 50 day simple moving average is $33.32 and its two-hundred day simple moving average is $29.02.
Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.23. Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business posted $0.54 earnings per share. The firm's revenue was down 7.6% compared to the same quarter last year. On average, equities research analysts expect that Millicom International Cellular S.A. will post 1.91 earnings per share for the current fiscal year.
Millicom International Cellular Announces Dividend
The firm also recently announced an annual dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a yield of 3.9%. Millicom International Cellular's dividend payout ratio is currently 144.23%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports 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. JPMorgan Chase & Co. lifted their price target on Millicom International Cellular from $41.00 to $50.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 27th. UBS Group lifted their price target on Millicom International Cellular from $31.50 to $39.50 and gave the stock a "buy" rating in a research note on Friday, May 16th. Barclays lowered 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. Finally, Wall Street Zen lowered Millicom International Cellular from a "strong-buy" rating to a "buy" rating in a research note on Friday, May 30th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.23.
Check Out Our Latest Stock Report on Millicom International Cellular
Millicom International Cellular Profile
(
Free Report)
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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