SG Americas Securities LLC Purchases 27,208 Shares of Millicom International Cellular SA $TIGO

SG Americas Securities LLC raised its stake in Millicom International Cellular SA (NASDAQ:TIGO) by 436.4% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 33,443 shares of the technology company’s stock after buying an additional 27,208 shares during the period. SG Americas Securities LLC’s holdings in Millicom International Cellular were worth $1,253,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC increased its holdings in Millicom International Cellular by 5.0% during the first quarter. AQR Capital Management LLC now owns 9,587 shares of the technology company’s stock valued at $290,000 after buying an additional 453 shares during the period. Cerity Partners LLC increased its holdings in shares of Millicom International Cellular by 4.7% during the first quarter. Cerity Partners LLC now owns 11,208 shares of the technology company’s stock valued at $339,000 after acquiring an additional 508 shares in the last quarter. USA Financial Formulas purchased a new position in shares of Millicom International Cellular in the second quarter worth $30,000. KLP Kapitalforvaltning AS raised its stake in Millicom International Cellular by 1.7% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 107,867 shares of the technology company’s stock worth $4,042,000 after acquiring an additional 1,800 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Millicom International Cellular by 65.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,284 shares of the technology company’s stock worth $190,000 after purchasing an additional 2,489 shares during the last quarter.

Millicom International Cellular Trading Up 1.0%

Shares of NASDAQ:TIGO opened at $52.61 on Friday. Millicom International Cellular SA has a 52 week low of $23.61 and a 52 week high of $56.27. The company has a current ratio of 0.89, a quick ratio of 0.87 and a debt-to-equity ratio of 1.59. The company has a market cap of $9.05 billion, a PE ratio of 9.28 and a beta of 1.11. The company’s 50 day moving average is $48.50 and its two-hundred day moving average is $43.00.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data 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). The company had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Millicom International Cellular had a return on equity of 10.32% and a net margin of 16.97%.The business’s revenue was down .8% on a year-over-year basis. Equities analysts predict that Millicom International Cellular SA will post 1.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

TIGO has been the subject of several analyst reports. Wall Street Zen raised Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. JPMorgan Chase & Co. increased their price objective on shares of Millicom International Cellular from $55.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, November 17th. UBS Group lowered Millicom International Cellular from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $39.50 to $49.00 in a research note on Thursday, September 11th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Millicom International Cellular in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $43.47.

Millicom International Cellular 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.