Marathon Asset Management Ltd Purchases 116,494 Shares of Millicom International Cellular SA $TIGO

Marathon Asset Management Ltd raised its position in Millicom International Cellular SA (NASDAQ:TIGO) by 11.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,101,022 shares of the technology company’s stock after buying an additional 116,494 shares during the quarter. Millicom International Cellular comprises about 2.3% of Marathon Asset Management Ltd’s portfolio, making the stock its 11th largest holding. Marathon Asset Management Ltd’s holdings in Millicom International Cellular were worth $61,074,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. EWA LLC increased its holdings in Millicom International Cellular by 2.5% in the 4th quarter. EWA LLC now owns 7,025 shares of the technology company’s stock valued at $389,000 after buying an additional 169 shares during the period. Smartleaf Asset Management LLC increased its holdings in Millicom International Cellular by 155.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after buying an additional 314 shares during the period. GAMMA Investing LLC lifted its stake in Millicom International Cellular by 140.8% in the 4th quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock valued at $32,000 after purchasing an additional 335 shares during the last quarter. KBC Group NV lifted its stake in Millicom International Cellular by 0.9% in the 4th quarter. KBC Group NV now owns 44,587 shares of the technology company’s stock valued at $2,472,000 after purchasing an additional 378 shares during the last quarter. Finally, Archford Capital Strategies LLC lifted its stake in Millicom International Cellular by 8.5% in the 4th quarter. Archford Capital Strategies LLC now owns 5,076 shares of the technology company’s stock valued at $281,000 after purchasing an additional 398 shares during the last quarter.

Millicom International Cellular Stock Up 0.3%

NASDAQ:TIGO opened at $80.94 on Wednesday. The firm’s 50 day simple moving average is $78.76 and its 200 day simple moving average is $64.82. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. Millicom International Cellular SA has a one year low of $35.49 and a one year high of $85.26. The company has a market cap of $13.68 billion, a PE ratio of 11.00 and a beta of 0.93.

Millicom International Cellular (NASDAQ:TIGO) last posted its earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. On average, research analysts anticipate that Millicom International Cellular SA will post 3.76 earnings per share for the current year.

Millicom International Cellular Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 8th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, April 8th. This represents a $3.00 annualized dividend and a yield of 3.7%. Millicom International Cellular’s dividend payout ratio (DPR) is currently 40.76%.

Analysts Set New Price Targets

Several equities analysts recently commented on TIGO shares. Wall Street Zen downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday. Scotiabank increased their price objective on shares of Millicom International Cellular from $43.00 to $51.20 and gave the company a “sector underperform” rating in a research note on Monday, March 30th. Morgan Stanley reissued a “positive” rating and issued a $55.00 price objective on shares of Millicom International Cellular in a research note on Thursday, February 26th. HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Friday, March 6th. Finally, Weiss Ratings raised shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.64.

Millicom International Cellular 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.