39,500 Shares in Millicom International Cellular S.A. (NASDAQ:TIGO) Acquired by Two Sigma Advisers LP

Two Sigma Advisers LP bought a new position in Millicom International Cellular S.A. (NASDAQ:TIGO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 39,500 shares of the technology company’s stock, valued at approximately $988,000.

A number of other hedge funds also recently bought and sold shares of the company. Brandes Investment Partners LP lifted its position in Millicom International Cellular by 1.5% in the 4th quarter. Brandes Investment Partners LP now owns 4,574,255 shares of the technology company’s stock worth $114,402,000 after buying an additional 68,061 shares during the last quarter. Southeastern Asset Management Inc. TN purchased a new position in Millicom International Cellular in the 4th quarter worth approximately $60,306,000. LB Partners LLC increased its stake in Millicom International Cellular by 1.4% in the 4th 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. Park West Asset Management LLC purchased a new position in Millicom International Cellular in the 4th quarter worth approximately $6,165,000. Finally, Charles Schwab Investment Management Inc. increased its stake in 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 worth $3,993,000 after purchasing an additional 51,620 shares during the period.

Millicom International Cellular Price Performance

TIGO opened at $37.40 on Monday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66. Millicom International Cellular S.A. has a 52-week low of $22.59 and a 52-week high of $38.50. The stock has a market capitalization of $6.44 billion, a PE ratio of 39.79 and a beta of 1.03. The stock’s 50 day moving average price is $32.65 and its 200-day moving average price is $28.69.

Millicom International Cellular (NASDAQ:TIGO) last posted its earnings results on Thursday, May 8th. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.45 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was down 7.6% compared to the same quarter last year. On average, equities research analysts predict that Millicom International Cellular S.A. will post 1.91 EPS for the current year.

Millicom International Cellular Announces Dividend

The firm also recently announced 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 was Tuesday, April 8th. This represents a dividend yield of 3.9%. Millicom International Cellular’s dividend payout ratio (DPR) is presently 144.23%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wall Street Zen cut Millicom International Cellular from a “strong-buy” rating to a “buy” rating in a research note on Friday. 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. 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. 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. Finally, Barclays decreased 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. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $38.23.

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.