Magnetar Financial LLC purchased a new position in shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,933 shares of the technology company's stock, valued at approximately $474,000.
A number of other large investors also recently bought and sold shares of the stock. Brandes Investment Partners LP increased its holdings in shares of Millicom International Cellular by 1.5% during the 4th quarter. Brandes Investment Partners LP now owns 4,574,255 shares of the technology company's stock worth $114,402,000 after buying an additional 68,061 shares during the last quarter. Perpetual Ltd acquired a new stake in Millicom International Cellular during the fourth quarter worth about $1,587,000. Charles Schwab Investment Management Inc. increased its stake in Millicom International Cellular by 95.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 108,047 shares of the technology company's stock worth $2,930,000 after acquiring an additional 52,638 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Millicom International Cellular by 4,044.9% in the 4th quarter. Assetmark Inc. now owns 27,481 shares of the technology company's stock worth $687,000 after purchasing an additional 26,818 shares during the period. Finally, Tidal Investments LLC acquired a new position in shares of Millicom International Cellular in the 3rd quarter valued at about $602,000.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on TIGO shares. Hsbc Global Res raised shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their price objective on Millicom International Cellular from $36.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. HSBC upgraded Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 target price for the company in a research note on Wednesday, January 22nd. Morgan Stanley assumed coverage on Millicom International Cellular in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $32.00 price target on the stock. Finally, Scotiabank boosted their target price on shares of Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a research report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $33.98.
View Our Latest Research Report on Millicom International Cellular
Millicom International Cellular Stock Up 2.5 %
TIGO stock traded up $0.75 during midday trading on Thursday, hitting $30.38. 1,220,382 shares of the company's stock were exchanged, compared to its average volume of 232,976. The stock has a market capitalization of $5.23 billion, a price-to-earnings ratio of 32.32 and a beta of 1.23. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. The firm has a 50 day moving average price of $27.85 and a 200-day moving average price of $26.79. Millicom International Cellular S.A. has a 12-month low of $19.50 and a 12-month high of $31.63.
Millicom International Cellular Announces Dividend
The business also recently disclosed an annual dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, April 8th. This represents a yield of 3.9%. Millicom International Cellular's dividend payout ratio (DPR) is 202.70%.
Millicom International Cellular Profile
(
Free Report)
Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.
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