Y Intercept Hong Kong Ltd Acquires New Stake in Millicom International Cellular SA $TIGO

Y Intercept Hong Kong Ltd bought a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO) during the 3rd quarter, Holdings Channel.com reports. The firm bought 65,263 shares of the technology company’s stock, valued at approximately $3,168,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Vest Financial LLC boosted its holdings in Millicom International Cellular by 114.3% in the third quarter. Vest Financial LLC now owns 40,969 shares of the technology company’s stock worth $1,989,000 after acquiring an additional 21,849 shares in the last quarter. Triasima Portfolio Management inc. lifted its holdings in shares of Millicom International Cellular by 122.3% in the 3rd quarter. Triasima Portfolio Management inc. now owns 203,420 shares of the technology company’s stock worth $9,874,000 after purchasing an additional 111,915 shares in the last quarter. Nordea Investment Management AB grew its position in Millicom International Cellular by 4.1% in the 3rd quarter. Nordea Investment Management AB now owns 232,426 shares of the technology company’s stock valued at $11,266,000 after purchasing an additional 9,100 shares during the period. State of Alaska Department of Revenue bought a new stake in Millicom International Cellular during the 3rd quarter valued at $970,000. Finally, Nisa Investment Advisors LLC acquired a new position in Millicom International Cellular during the third quarter worth $4,010,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on TIGO shares. UBS Group upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and upped their target price for the stock from $49.00 to $70.00 in a report on Thursday, January 15th. Wall Street Zen upgraded Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Zacks Research cut Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. lifted their price objective on shares of Millicom International Cellular from $55.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Millicom International Cellular in a report on Thursday. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $49.56.

Millicom International Cellular Stock Up 0.2%

TIGO stock opened at $61.38 on Tuesday. The stock has a market cap of $10.56 billion, a P/E ratio of 9.41 and a beta of 0.94. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 1.76. The stock’s fifty day simple moving average is $54.17 and its two-hundred day simple moving average is $48.82. Millicom International Cellular SA has a 1-year low of $25.50 and a 1-year high of $62.14.

Millicom International Cellular (NASDAQ:TIGO) last announced its earnings results on Thursday, November 6th. The technology company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.21). The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Millicom International Cellular had a net margin of 19.58% and a return on equity of 10.81%. The firm’s revenue was down .8% on a year-over-year basis. Analysts expect that Millicom International Cellular SA will post 1.91 EPS for the current year.

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.