Y Intercept Hong Kong Ltd Buys Shares of 13,023 Millicom International Cellular SA (NASDAQ:TIGO)

Y Intercept Hong Kong Ltd bought a new stake in Millicom International Cellular SA (NASDAQ:TIGO - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,023 shares of the technology company's stock, valued at approximately $394,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. State of Wyoming purchased a new position in shares of Millicom International Cellular during the 4th quarter worth approximately $49,000. Wells Fargo & Company MN increased its stake in shares of 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 worth $122,000 after purchasing an additional 2,055 shares in the last quarter. EWA LLC purchased a new position in shares of Millicom International Cellular during the 1st quarter worth approximately $201,000. Spinnaker Trust purchased a new position in shares of Millicom International Cellular during the 1st quarter worth approximately $212,000. Finally, KBC Group NV purchased a new position in shares of Millicom International Cellular during the 1st quarter worth approximately $233,000.

Millicom International Cellular Trading Down 2.3%

Shares of TIGO opened at $39.47 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.74 and a debt-to-equity ratio of 1.65. The firm has a market capitalization of $6.79 billion, a P/E ratio of 18.98 and a beta of 1.06. The stock's fifty day simple moving average is $37.69 and its 200 day simple moving average is $32.34. Millicom International Cellular SA has a twelve month low of $23.61 and a twelve month high of $43.03.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.23. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.45 billion. Millicom International Cellular had a return on equity of 10.02% and a net margin of 6.20%. The business's quarterly revenue was down 7.6% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. On average, equities research analysts forecast that Millicom International Cellular SA will post 1.91 earnings per share for the current year.

Millicom International Cellular Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 8th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date of this dividend was Tuesday, July 8th. Millicom International Cellular's dividend payout ratio is presently 144.23%.

Analysts Set New Price Targets

A number of analysts recently issued reports on TIGO shares. Barclays decreased their target price on shares of Millicom International Cellular from $310.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 3rd. UBS Group raised 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. Wall Street Zen lowered shares of Millicom International Cellular from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. raised their target price on shares of Millicom International Cellular from $41.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 27th. Finally, Scotiabank lowered shares of Millicom International Cellular from a "sector outperform" rating to a "sector perform" rating and set a $37.00 target price on the stock. in a research report on Tuesday, June 17th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.08.

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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