Ruffer LLP Purchases New Holdings in Millicom International Cellular SA $TIGO

Ruffer LLP acquired a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 71,312 shares of the technology company’s stock, valued at approximately $3,461,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada boosted its stake in Millicom International Cellular by 48.1% during the first quarter. Royal Bank of Canada now owns 46,183 shares of the technology company’s stock worth $1,398,000 after buying an additional 14,990 shares in the last quarter. AQR Capital Management LLC increased its stake in Millicom International Cellular by 5.0% in the first quarter. AQR Capital Management LLC now owns 9,587 shares of the technology company’s stock valued at $290,000 after acquiring an additional 453 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Millicom International Cellular in the first quarter worth about $2,188,000. Goldman Sachs Group Inc. bought a new position in Millicom International Cellular during the first quarter worth about $50,664,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Millicom International Cellular during the first quarter valued at approximately $8,504,000.

Analyst Ratings Changes

A number of research analysts have issued reports on TIGO shares. JPMorgan Chase & Co. lifted their price objective on Millicom International Cellular from $55.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Millicom International Cellular in a research note on Thursday, January 22nd. UBS Group upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and lifted their target price for the company from $49.00 to $70.00 in a research note on Thursday, January 15th. Zacks Research lowered Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Scotiabank increased their price objective on shares of Millicom International Cellular from $46.10 to $46.80 and gave the stock a “sector perform” rating in a report on Friday, November 7th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Millicom International Cellular has an average rating of “Moderate Buy” and a consensus price target of $53.95.

Millicom International Cellular Price Performance

TIGO opened at $60.83 on Thursday. The company has a fifty day moving average price of $54.41 and a two-hundred day moving average price of $49.06. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.91 and a current ratio of 0.93. Millicom International Cellular SA has a 52 week low of $25.50 and a 52 week high of $62.14. The firm has a market capitalization of $10.47 billion, a PE ratio of 9.32 and a beta of 0.94.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.21). The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. Millicom International Cellular had a return on equity of 10.81% and a net margin of 19.58%.The business’s quarterly revenue was down .8% on a year-over-year basis. As a group, analysts anticipate that Millicom International Cellular SA will post 1.91 earnings per share for the current year.

Millicom International Cellular Company Profile

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.