SG Americas Securities LLC Acquires 26,824 Shares of Millicom International Cellular SA $TIGO

SG Americas Securities LLC grew its holdings in Millicom International Cellular SA (NASDAQ:TIGO) by 6.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 433,297 shares of the technology company’s stock after acquiring an additional 26,824 shares during the period. SG Americas Securities LLC’s holdings in Millicom International Cellular were worth $24,022,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in shares of 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 valued at $1,398,000 after acquiring an additional 14,990 shares in the last quarter. AQR Capital Management LLC boosted its holdings 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Millicom International Cellular during the 1st quarter valued at $2,188,000. Goldman Sachs Group Inc. purchased a new position in Millicom International Cellular during the 1st quarter valued at $50,664,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Millicom International Cellular in the 1st quarter worth $8,504,000.

Analyst Ratings Changes

TIGO has been the subject of several research analyst reports. 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 on the stock in a research report on Friday, March 6th. Scotiabank downgraded shares of Millicom International Cellular from a “sector perform” rating to a “sector underperform” rating and decreased their price target for the stock from $46.80 to $43.00 in a research note on Wednesday, February 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Millicom International Cellular in a research report on Thursday, January 22nd. Finally, UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and upped their target price for the stock from $49.00 to $70.00 in a report on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $59.33.

Millicom International Cellular Stock Performance

Shares of Millicom International Cellular stock opened at $73.35 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $12.62 billion, a P/E ratio of 9.34 and a beta of 0.90. The business has a fifty day simple moving average of $67.33 and a two-hundred day simple moving average of $56.28. Millicom International Cellular SA has a 12 month low of $26.35 and a 12 month high of $77.33.

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

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.