SG Americas Securities LLC Boosts Stock Position in Millicom International Cellular SA $TIGO

SG Americas Securities LLC lifted its position in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 433,297 shares of the technology company’s stock after buying an additional 26,824 shares during the period. SG Americas Securities LLC owned about 0.25% of Millicom International Cellular worth $24,022,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TIGO. Smartleaf Asset Management LLC grew its position in Millicom International Cellular by 155.4% during the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after acquiring an additional 314 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Millicom International Cellular in the 3rd quarter worth approximately $26,000. Alpine Bank Wealth Management bought a new stake in shares of Millicom International Cellular in the 3rd quarter worth approximately $28,000. GAMMA Investing LLC boosted its stake in shares of Millicom International Cellular by 140.8% in the 4th quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock valued at $32,000 after purchasing an additional 335 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of Millicom International Cellular in the 3rd quarter valued at $32,000.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Zacks Research cut shares of Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. HSBC upgraded shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a research report on Friday, March 6th. Morgan Stanley reiterated a “positive” rating and issued a $55.00 price objective on shares of Millicom International Cellular in a report on Thursday, February 26th. Scotiabank lowered Millicom International Cellular from a “sector perform” rating to a “sector underperform” rating and lowered their target price for the company from $46.80 to $43.00 in a research note on Wednesday, February 11th. Finally, UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and increased their target price for the company from $49.00 to $70.00 in a report on Thursday, January 15th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $59.33.

Millicom International Cellular Trading Down 4.7%

NASDAQ:TIGO opened at $73.35 on Friday. The firm has a market capitalization of $12.62 billion, a P/E ratio of 9.34 and a beta of 0.90. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.81. The company has a fifty day moving average of $67.33 and a 200 day moving average of $56.28. Millicom International Cellular SA has a 52 week low of $26.35 and a 52 week high of $77.33.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings results on Thursday, February 26th. The technology company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.45. Millicom International Cellular had a net margin of 22.62% and a return on equity of 17.07%. The business had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter last year, the firm earned $0.18 EPS. The company’s revenue was up 15.7% on a year-over-year basis. On average, research analysts predict that Millicom International Cellular SA will post 1.91 earnings per share for the current year.

Millicom International Cellular 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.