9,569 Shares in Millicom International Cellular SA $TIGO Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new stake in shares of Millicom International Cellular SA (NASDAQ:TIGO) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,569 shares of the technology company’s stock, valued at approximately $359,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TIGO. USA Financial Formulas purchased a new stake in shares of Millicom International Cellular during the second quarter valued at $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in Millicom International Cellular during the 1st quarter worth about $84,000. Amalgamated Bank acquired a new stake in Millicom International Cellular during the 2nd quarter worth about $220,000. Bond & Devick Financial Network Inc. purchased a new stake in Millicom International Cellular during the 2nd quarter valued at about $225,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Millicom International Cellular by 65.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,284 shares of the technology company’s stock valued at $190,000 after purchasing an additional 2,489 shares during the last quarter.

Millicom International Cellular Trading Up 0.5%

Millicom International Cellular stock opened at $50.81 on Thursday. The firm has a market cap of $8.74 billion, a PE ratio of 8.96 and a beta of 1.11. Millicom International Cellular SA has a 12 month low of $23.61 and a 12 month high of $51.80. The stock’s 50 day simple moving average is $47.77 and its two-hundred day simple moving average is $42.15. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 1.59.

Millicom International Cellular (NASDAQ:TIGO) last posted its earnings results on Thursday, November 6th. The technology company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.21). Millicom International Cellular had a net margin of 16.97% and a return on equity of 10.32%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. The firm’s revenue for the quarter was down .8% on a year-over-year basis. Analysts anticipate that Millicom International Cellular SA will post 1.91 earnings per share for the current year.

Analysts Set New Price Targets

TIGO has been the subject of several research analyst reports. UBS Group cut Millicom International Cellular from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $39.50 to $49.00 in a research note on Thursday, September 11th. Zacks Research lowered shares of Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Scotiabank lifted their price objective on shares of Millicom International Cellular from $46.10 to $46.80 and gave the company a “sector perform” rating in a research note on Friday, November 7th. Wall Street Zen upgraded shares of Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Millicom International Cellular in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.13.

Millicom International Cellular Company Profile

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.