Park West Asset Management LLC Purchases Shares of 246,497 Millicom International Cellular S.A. (NASDAQ:TIGO)

Park West Asset Management LLC acquired a new stake in shares of Millicom International Cellular S.A. (NASDAQ:TIGO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 246,497 shares of the technology company’s stock, valued at approximately $6,165,000. Park West Asset Management LLC owned approximately 0.14% of Millicom International Cellular as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in 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 in the last quarter. Wells Fargo & Company MN lifted its holdings in Millicom International Cellular by 72.4% during the fourth quarter. Wells Fargo & Company MN now owns 4,892 shares of the technology company’s stock worth $122,000 after buying an additional 2,055 shares during the period. Principal Securities Inc. boosted its position in Millicom International Cellular by 22.2% during the 4th quarter. Principal Securities Inc. now owns 7,030 shares of the technology company’s stock valued at $176,000 after acquiring an additional 1,277 shares in the last quarter. State Street Corp bought a new stake in Millicom International Cellular during the 3rd quarter valued at $231,000. Finally, Jones Financial Companies Lllp boosted its position in shares of Millicom International Cellular by 6.4% in the 4th quarter. Jones Financial Companies Lllp now owns 9,075 shares of the technology company’s stock worth $227,000 after purchasing an additional 545 shares in the last quarter.

Millicom International Cellular Trading Up 3.6 %

Shares of TIGO stock opened at $33.95 on Tuesday. The business’s fifty day moving average price is $29.39 and its 200 day moving average price is $27.32. Millicom International Cellular S.A. has a 1-year low of $20.18 and a 1-year high of $34.23. The firm has a market capitalization of $5.84 billion, a PE ratio of 36.12 and a beta of 0.90. 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 Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th were given a $0.75 dividend. The ex-dividend date was Tuesday, April 8th. This represents a dividend yield of 3.9%. Millicom International Cellular’s dividend payout ratio is currently 202.70%.

Wall Street Analyst Weigh In

A number of analysts have commented on TIGO shares. JPMorgan Chase & Co. lifted their price target on Millicom International Cellular from $33.00 to $41.00 and gave the stock an “overweight” rating in a research report on Thursday, April 3rd. Scotiabank increased their target price on Millicom International Cellular from $37.30 to $37.90 and gave the company a “sector outperform” rating in a research report on Friday, February 28th. Barclays lowered their price objective on Millicom International Cellular from $310.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, April 3rd. Morgan Stanley started coverage on Millicom International Cellular in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $32.00 price objective on the stock. Finally, HSBC upgraded Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Wednesday, January 22nd. Two investment analysts have 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 MarketBeat, Millicom International Cellular presently has an average rating of “Moderate Buy” and an average price target of $35.65.

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.