Cubist Systematic Strategies LLC Makes New $884,000 Investment in Millicom International Cellular S.A. (NASDAQ:TIGO)

Cubist Systematic Strategies LLC acquired a new stake in shares of Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 36,007 shares of the technology company's stock, valued at approximately $884,000.

Several other hedge funds also recently bought and sold shares of the business. Signaturefd LLC increased its position in shares of Millicom International Cellular by 217.9% during the second quarter. Signaturefd LLC now owns 1,138 shares of the technology company's stock worth $28,000 after acquiring an additional 780 shares during the period. Fifth Third Bancorp bought a new stake in Millicom International Cellular during the 2nd quarter valued at $67,000. Summit Securities Group LLC purchased a new stake in shares of Millicom International Cellular in the 2nd quarter worth $98,000. SG Americas Securities LLC grew its position in shares of Millicom International Cellular by 13.1% during the 1st quarter. SG Americas Securities LLC now owns 7,925 shares of the technology company's stock worth $160,000 after buying an additional 920 shares in the last quarter. Finally, Silver Lake Advisory LLC bought a new position in shares of Millicom International Cellular during the 2nd quarter worth $260,000.

Millicom International Cellular Stock Down 0.7 %

NASDAQ TIGO traded down $0.19 on Thursday, hitting $26.53. The stock had a trading volume of 25,143 shares, compared to its average volume of 98,902. Millicom International Cellular S.A. has a 52-week low of $14.46 and a 52-week high of $28.75. The business's fifty day moving average price is $26.28 and its 200 day moving average price is $23.87. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.66 and a quick ratio of 0.64. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 530.60 and a beta of 1.23.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.05). The business had revenue of $1.46 billion during the quarter. Millicom International Cellular had a net margin of 1.83% and a return on equity of 2.91%. During the same period in the previous year, the business posted ($0.13) EPS. Equities research analysts anticipate that Millicom International Cellular S.A. will post 2.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

TIGO has been the subject of several recent research reports. Scotiabank upgraded Millicom International Cellular from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $30.00 to $37.30 in a report on Friday, September 20th. UBS Group upgraded shares of Millicom International Cellular from a "neutral" rating to a "buy" rating and increased their price objective for the company from $25.00 to $33.00 in a research note on Thursday, August 15th. HSBC lowered shares of Millicom International Cellular from a "buy" rating to a "hold" rating in a report on Tuesday, July 2nd. JPMorgan Chase & Co. initiated coverage on Millicom International Cellular in a report on Friday, September 6th. They set an "overweight" rating and a $35.00 target price for the company. Finally, Hsbc Global Res downgraded Millicom International Cellular from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $30.66.

About Millicom International Cellular

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.