Two Sigma Investments LP Boosts Stake in Millicom International Cellular S.A. (NASDAQ:TIGO)

Two Sigma Investments LP grew its stake in Millicom International Cellular S.A. (NASDAQ:TIGO) by 229.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,113 shares of the technology company’s stock after acquiring an additional 39,771 shares during the period. 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 and other institutional investors have also recently modified their holdings of TIGO. State of Wyoming bought a new position in shares of Millicom International Cellular during the fourth quarter valued at approximately $49,000. Blue Trust Inc. lifted its stake in shares of Millicom International Cellular by 69.5% during the fourth quarter. Blue Trust Inc. now owns 3,767 shares of the technology company’s stock worth $102,000 after buying an additional 1,544 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Millicom International Cellular by 72.4% during the fourth 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 during the last quarter. Principal Securities Inc. raised its holdings in shares of Millicom International Cellular by 22.2% during the fourth quarter. Principal Securities Inc. now owns 7,030 shares of the technology company’s stock worth $176,000 after purchasing an additional 1,277 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Millicom International Cellular by 6.4% during the fourth quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company’s stock worth $227,000 after purchasing an additional 545 shares during the last quarter.

Millicom International Cellular Price Performance

Millicom International Cellular stock opened at $36.73 on Wednesday. The firm has a market cap of $6.32 billion, a PE ratio of 39.07 and a beta of 1.03. 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 quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59. The company’s 50 day moving average is $32.94 and its two-hundred day moving average is $28.82.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings data on Thursday, May 8th. The technology company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.23. Millicom International Cellular had a net margin of 2.70% and a return on equity of 4.43%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm posted $0.54 EPS. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. On average, research analysts expect that Millicom International Cellular S.A. will post 1.91 EPS for the current fiscal year.

Millicom International Cellular Dividend Announcement

The business also recently announced an annual dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th were given a $0.75 dividend. This represents a dividend yield of 3.9%. The ex-dividend date was Tuesday, April 8th. Millicom International Cellular’s dividend payout ratio (DPR) is 144.23%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TIGO. Wall Street Zen cut shares of Millicom International Cellular from a “strong-buy” rating to a “buy” rating in a report on Friday, May 30th. Barclays lowered their price target 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. Scotiabank boosted their price target on shares of Millicom International Cellular from $37.30 to $37.90 and gave the stock a “sector outperform” rating in a research report on Friday, February 28th. JPMorgan Chase & Co. increased their price target on shares of Millicom International Cellular from $41.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, May 27th. Finally, UBS Group upped their price objective on shares of Millicom International Cellular from $31.50 to $39.50 and gave the stock a “buy” rating in a report on Friday, May 16th. 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 data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.