Marathon Asset Management Ltd Has $61.07 Million Stock Holdings in Millicom International Cellular SA $TIGO

Marathon Asset Management Ltd lifted its stake in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 11.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,101,022 shares of the technology company’s stock after buying an additional 116,494 shares during the quarter. Millicom International Cellular comprises about 2.3% of Marathon Asset Management Ltd’s portfolio, making the stock its 11th largest holding. Marathon Asset Management Ltd owned approximately 0.64% of Millicom International Cellular worth $61,074,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Allworth Financial LP lifted its stake in shares of Millicom International Cellular by 1,129.7% during the 4th quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock worth $25,000 after buying an additional 418 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Millicom International Cellular by 736.2% during the 4th quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock worth $27,000 after buying an additional 427 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Millicom International Cellular by 155.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock worth $25,000 after buying an additional 314 shares during the last quarter. Spire Wealth Management acquired a new stake in shares of Millicom International Cellular during the 4th quarter worth about $29,000. Finally, GAMMA Investing LLC lifted its stake in shares of Millicom International Cellular by 140.8% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock worth $32,000 after buying an additional 335 shares during the last quarter.

Millicom International Cellular Price Performance

NASDAQ:TIGO opened at $80.94 on Wednesday. Millicom International Cellular SA has a 52 week low of $35.49 and a 52 week high of $85.26. The firm has a market cap of $13.68 billion, a price-to-earnings ratio of 11.00 and a beta of 0.93. The firm’s 50-day simple moving average is $78.76 and its 200 day simple moving average is $64.82. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.60 and a current ratio of 0.62.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. As a group, sell-side analysts predict that Millicom International Cellular SA will post 3.76 earnings per share for the current year.

Millicom International Cellular Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Thursday, April 8th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Thursday, April 8th. Millicom International Cellular’s dividend payout ratio (DPR) is currently 40.76%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wall Street Zen cut shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday. HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Friday, March 6th. Zacks Research raised shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Morgan Stanley reaffirmed a “positive” rating and set a $55.00 price target on shares of Millicom International Cellular in a research report on Thursday, February 26th. Finally, Scotiabank raised their price target on shares of Millicom International Cellular from $43.00 to $51.20 and gave the stock a “sector underperform” rating in a research report on Monday, March 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.64.

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.