Y Intercept Hong Kong Ltd boosted its stake in shares of Millicom International Cellular SA (NASDAQ:TIGO – Free Report) by 95.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 101,789 shares of the technology company’s stock after purchasing an additional 49,690 shares during the period. Y Intercept Hong Kong Ltd owned about 0.06% of Millicom International Cellular worth $7,628,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of TIGO. Crossmark Global Holdings Inc. raised its stake in Millicom International Cellular by 4.1% during the 4th quarter. Crossmark Global Holdings Inc. now owns 413,983 shares of the technology company’s stock worth $22,951,000 after acquiring an additional 16,126 shares during the period. Assetmark Inc. lifted its holdings in Millicom International Cellular by 31.1% during the fourth quarter. Assetmark Inc. now owns 85,059 shares of the technology company’s stock valued at $4,716,000 after purchasing an additional 20,194 shares in the last quarter. Mirabella Financial Services LLP bought a new position in shares of Millicom International Cellular in the third quarter worth approximately $1,539,000. Causeway Capital Management LLC bought a new position in shares of Millicom International Cellular in the third quarter worth approximately $1,845,000. Finally, SG Americas Securities LLC increased its stake in shares of Millicom International Cellular by 6.6% in the fourth quarter. SG Americas Securities LLC now owns 433,297 shares of the technology company’s stock worth $24,022,000 after purchasing an additional 26,824 shares in the last quarter.
Millicom International Cellular Stock Performance
TIGO opened at $93.76 on Friday. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 12.74 and a beta of 0.92. The company has a fifty day moving average of $85.67 and a 200 day moving average of $73.19. Millicom International Cellular SA has a fifty-two week low of $36.59 and a fifty-two week high of $95.38. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.60 and a current ratio of 0.62.
Insider Activity
In related news, insider Salvador Escalon sold 49,288 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $88.51, for a total value of $4,362,480.88. Following the sale, the insider directly owned 165,344 shares in the company, valued at approximately $14,634,597.44. The trade was a 22.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.52% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently commented on TIGO shares. HSBC upgraded shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a research report on Friday, March 6th. Scotiabank increased their price target on Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a research note on Wednesday, May 27th. Weiss Ratings raised Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. Wall Street Zen downgraded Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Zacks Research raised Millicom International Cellular from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Millicom International Cellular has a consensus rating of “Moderate Buy” and an average target price of $77.28.
Check Out Our Latest Stock Report on Millicom International Cellular
Millicom International Cellular Company Profile
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.
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