Quantbot Technologies LP Buys 11,425 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

Quantbot Technologies LP lifted its stake in Millicom International Cellular S.A. (NASDAQ:TIGO - Free Report) by 1,405.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,238 shares of the technology company's stock after acquiring an additional 11,425 shares during the period. Quantbot Technologies LP's holdings in Millicom International Cellular were worth $306,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in Millicom International Cellular in the 3rd quarter valued at approximately $76,000. Point72 Asset Management L.P. bought a new stake in shares of Millicom International Cellular during the third quarter valued at approximately $87,000. Blue Trust Inc. lifted its position in Millicom International Cellular by 69.5% in the fourth quarter. Blue Trust Inc. now owns 3,767 shares of the technology company's stock worth $102,000 after purchasing an additional 1,544 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Millicom International Cellular in the third quarter worth $168,000. Finally, Principal Securities Inc. boosted its stake in Millicom International Cellular by 22.2% during the fourth quarter. Principal Securities Inc. now owns 7,030 shares of the technology company's stock worth $176,000 after buying an additional 1,277 shares in the last quarter.

Millicom International Cellular Price Performance

Shares of TIGO traded down $0.52 on Wednesday, hitting $29.53. The company's stock had a trading volume of 482,797 shares, compared to its average volume of 260,114. The company has a 50 day moving average price of $28.13 and a 200 day moving average price of $26.91. Millicom International Cellular S.A. has a fifty-two week low of $19.50 and a fifty-two week high of $31.63. The company has a market capitalization of $5.08 billion, a PE ratio of 31.42 and a beta of 1.23. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64.

Millicom International Cellular Dividend Announcement

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 issued a dividend of $0.75 per share. This represents a yield of 3.9%. The ex-dividend date is Tuesday, April 8th. Millicom International Cellular's dividend payout ratio is currently 202.70%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TIGO. Scotiabank raised their price objective on shares of Millicom International Cellular from $37.30 to $37.90 and gave the stock a "sector outperform" rating in a report on Friday, February 28th. Hsbc Global Res upgraded shares of Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 22nd. HSBC upgraded Millicom International Cellular from a "hold" rating to a "buy" rating and set a $34.00 price objective on the stock 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 target price for the company. Finally, JPMorgan Chase & Co. lowered their price target on Millicom International Cellular from $36.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Millicom International Cellular presently has an average rating of "Buy" and an average price target of $33.98.

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.