FNY Investment Advisers LLC acquired a new stake in Millicom International Cellular SA (NASDAQ:TIGO – Get Rating ) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,551 shares of the technology company’s stock, valued at approximately $183,000.
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Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc acquired a new position in Millicom International Cellular in the third quarter worth about $64,000. Advisor Group Holdings Inc. boosted its holdings in Millicom International Cellular by 261.5% during the first quarter. Advisor Group Holdings Inc. now owns 1,128 shares of the technology company’s stock valued at $28,000 after buying an additional 816 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in Millicom International Cellular during the first quarter valued at $50,000. UBS Group AG raised its stake in Millicom International Cellular by 539.7% during the first quarter. UBS Group AG now owns 2,482 shares of the technology company’s stock valued at $62,000 after acquiring an additional 2,094 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Millicom International Cellular during the first quarter valued at $161,000. 18.68% of the stock is currently owned by institutional investors and hedge funds.
Wall Street analysts forecast growth
Several brokerages recently commented on TIGO. JPMorgan Chase & Co. downgraded shares of Millicom International Cellular from an “overweight” rating to a “neutral” rating in a report on Thursday. UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, January 17th.
Introducing Millicom International Cellular Stock
TIGO traded up $0.75 during trading on Friday, reaching $18.09. 110,102 shares of the company traded hands, compared to its average volume of 230,913. Millicom International Cellular SA has a one year low of $10.22 and a one year high of $27.88. The stock’s fifty day moving average is $17.47 and the 200 day moving average is $14.30. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 1.82. The firm has a market cap of $1.84 billion, a P/E ratio of 11.99 and a beta of 1.00.
Millicom International Cellular (NASDAQ: TIGO – Get Rating ) last posted its quarterly earnings results on Friday, February 10th. The technology company reported $0.33 earnings per share (EPS) for the quarter. Millicom International Cellular had a net margin of 3.15% and a return on equity of 1.85%. The company had revenue of $1.38 billion during the quarter.
Millicom International Cellular Company Profile
Millicom International Cellular SA is engaged in cable and mobile services. It operates in the geographic segments of Latin America and Africa. The Latin America segment includes the joint ventures in Guatemala and Honduras. The African segment consists of operations in Tanzania. The company was founded on December 14, 1990 and is headquartered in Luxembourg.
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