Magnetar Financial LLC Makes New $474,000 Investment in Millicom International Cellular S.A. (NASDAQ:TIGO)

Magnetar Financial LLC acquired a new position in shares of Millicom International Cellular S.A. (NASDAQ:TIGO) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 18,933 shares of the technology company’s stock, valued at approximately $474,000.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in Millicom International Cellular during the third quarter worth about $76,000. Point72 Asset Management L.P. bought a new position in shares of Millicom International Cellular in the third quarter worth about $87,000. Blue Trust Inc. lifted its holdings in shares of Millicom International Cellular by 69.5% in the fourth quarter. Blue Trust Inc. now owns 3,767 shares of the technology company’s stock worth $102,000 after acquiring an additional 1,544 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Millicom International Cellular in the third quarter worth about $168,000. Finally, Principal Securities Inc. lifted its holdings in shares of Millicom International Cellular by 22.2% in the fourth quarter. Principal Securities Inc. now owns 7,030 shares of the technology company’s stock worth $176,000 after acquiring an additional 1,277 shares during the last quarter.

Millicom International Cellular Stock Down 3.8 %

Shares of NASDAQ TIGO opened at $29.94 on Friday. The company has a 50 day simple moving average of $27.58 and a 200 day simple moving average of $26.73. The firm has a market cap of $5.15 billion, a PE ratio of 31.85 and a beta of 1.23. Millicom International Cellular S.A. has a 1 year low of $19.50 and a 1 year high of $31.63. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.66 and a quick ratio of 0.64.

Millicom International Cellular Announces Dividend

The company also recently declared an annual dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a yield of 3.9%. Millicom International Cellular’s payout ratio is 202.70%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their target price on shares of Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, January 16th. Morgan Stanley assumed coverage on shares of Millicom International Cellular in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $32.00 target price for the company. HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a report on Wednesday, January 22nd. Scotiabank raised their price objective on shares of Millicom International Cellular from $37.30 to $37.90 and gave the company a “sector outperform” rating in a report on Friday, February 28th. Finally, Hsbc Global Res upgraded shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $33.98.

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.