Point72 Asset Management L.P. Takes Position in Millicom International Cellular S.A. (NASDAQ:TIGO)

Point72 Asset Management L.P. purchased a new position in shares of Millicom International Cellular S.A. (NASDAQ:TIGO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,200 shares of the technology company’s stock, valued at approximately $87,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TIGO. Signaturefd LLC boosted its stake in shares of Millicom International Cellular by 217.9% during the 2nd quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock valued at $28,000 after buying an additional 780 shares during the period. Blue Trust Inc. grew its stake in shares of Millicom International Cellular by 159.7% in the 3rd quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock valued at $60,000 after buying an additional 1,367 shares in the last quarter. Fifth Third Bancorp acquired a new position in Millicom International Cellular in the second quarter worth approximately $67,000. Summit Securities Group LLC acquired a new position in Millicom International Cellular in the second quarter worth approximately $98,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Millicom International Cellular during the third quarter valued at approximately $168,000.

Wall Street Analyst Weigh In

TIGO has been the subject of several recent research reports. JPMorgan Chase & Co. began coverage on shares of Millicom International Cellular in a research report on Friday, September 6th. They issued an “overweight” rating and a $35.00 target price for the company. Scotiabank raised shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $30.00 to $37.30 in a research report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $30.66.

Millicom International Cellular Trading Down 0.3 %

Shares of TIGO opened at $24.40 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. Millicom International Cellular S.A. has a one year low of $15.55 and a one year high of $28.75. The company’s fifty day moving average price is $26.57 and its 200 day moving average price is $25.79.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Thursday, November 7th. The technology company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.38). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.46 billion. Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. Millicom International Cellular’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) EPS. Equities research analysts anticipate that Millicom International Cellular S.A. will post 1.98 earnings per share for the current year.

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.