SG Americas Securities LLC Grows Stake in Millicom International Cellular SA $TIGO

SG Americas Securities LLC increased its position in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 1,115.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 406,473 shares of the technology company’s stock after purchasing an additional 373,030 shares during the quarter. SG Americas Securities LLC’s holdings in Millicom International Cellular were worth $19,730,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Millicom International Cellular by 48.1% during the 1st 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 during the last quarter. Amundi purchased a new position in Millicom International Cellular during the 1st quarter valued at about $1,694,000. AQR Capital Management LLC raised its position in Millicom International Cellular by 5.0% during the first quarter. AQR Capital Management LLC now owns 9,587 shares of the technology company’s stock worth $290,000 after acquiring an additional 453 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Millicom International Cellular in the first quarter valued at about $2,188,000. Finally, Millennium Management LLC lifted its holdings in shares of Millicom International Cellular by 1,116.6% in the first quarter. Millennium Management LLC now owns 795,361 shares of the technology company’s stock valued at $24,076,000 after purchasing an additional 729,986 shares in the last quarter.

Millicom International Cellular Trading Up 1.3%

Shares of TIGO stock opened at $51.83 on Friday. The firm’s 50-day simple moving average is $52.28 and its 200-day simple moving average is $47.04. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.93 and a quick ratio of 0.91. Millicom International Cellular SA has a 1-year low of $23.61 and a 1-year high of $57.64. The firm has a market cap of $8.92 billion, a P/E ratio of 7.94 and a beta of 0.94.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. UBS Group cut shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $39.50 to $49.00 in a research note on Thursday, September 11th. Zacks Research raised Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 19th. JPMorgan Chase & Co. upped their price objective on Millicom International Cellular from $55.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Scotiabank increased their price objective on Millicom International Cellular from $46.10 to $46.80 and gave the company a “sector perform” rating in a research note on Friday, November 7th. Finally, Wall Street Zen upgraded shares of Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.47.

About Millicom International Cellular

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.