SG Americas Securities LLC Reduces Stock Holdings in Millicom International Cellular S.A. (NASDAQ:TIGO)

SG Americas Securities LLC reduced its stake in Millicom International Cellular S.A. (NASDAQ:TIGO) by 10.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,005 shares of the technology company’s stock after selling 838 shares during the period. SG Americas Securities LLC’s holdings in Millicom International Cellular were worth $126,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC purchased a new position in Millicom International Cellular in the third quarter valued at approximately $627,000. DAVENPORT & Co LLC increased its stake in Millicom International Cellular by 2.7% in the third quarter. DAVENPORT & Co LLC now owns 95,731 shares of the technology company’s stock valued at $1,479,000 after purchasing an additional 2,556 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Millicom International Cellular by 1.7% in the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 93,292 shares of the technology company’s stock valued at $1,441,000 after purchasing an additional 1,550 shares during the last quarter. Brandes Investment Partners LP increased its stake in Millicom International Cellular by 28.7% in the third quarter. Brandes Investment Partners LP now owns 4,394,992 shares of the technology company’s stock valued at $67,903,000 after purchasing an additional 981,159 shares during the last quarter. Finally, Morningstar Investment Services LLC increased its stake in Millicom International Cellular by 2.6% in the third quarter. Morningstar Investment Services LLC now owns 119,943 shares of the technology company’s stock valued at $1,847,000 after purchasing an additional 2,991 shares during the last quarter.

Millicom International Cellular Price Performance

NASDAQ:TIGO opened at $19.61 on Thursday. The firm’s fifty day moving average price is $18.43 and its 200 day moving average price is $17.35. Millicom International Cellular S.A. has a 1-year low of $14.46 and a 1-year high of $20.81. The company has a current ratio of 0.82, a quick ratio of 0.80 and a debt-to-equity ratio of 1.88.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Tuesday, February 27th. The technology company reported ($0.36) earnings per share for the quarter. Millicom International Cellular had a negative net margin of 1.45% and a negative return on equity of 2.41%. The firm had revenue of $1.48 billion during the quarter.

Wall Street Analyst Weigh In

TIGO has been the topic of a number of research reports. HSBC raised their target price on shares of Millicom International Cellular from $22.50 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. upgraded shares of Millicom International Cellular from a “neutral” rating to an “overweight” rating in a research report on Thursday, March 28th. Morgan Stanley upgraded shares of Millicom International Cellular from an “equal weight” rating to an “overweight” rating in a research report on Friday, January 5th. Scotiabank raised their target price on shares of Millicom International Cellular from $18.00 to $26.10 and gave the stock a “sector outperform” rating in a research report on Wednesday, February 28th. Finally, New Street Research upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and raised their target price for the stock from $20.00 to $24.00 in a research report on Thursday, February 29th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Millicom International Cellular currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.70.

Millicom International Cellular Company 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.