SG Americas Securities LLC Has $196,000 Stock Position in Millicom International Cellular S.A. (NASDAQ:TIGO)

SG Americas Securities LLC cut its position in Millicom International Cellular S.A. (NASDAQ:TIGO) by 13.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,221 shares of the technology company’s stock after selling 1,075 shares during the period. SG Americas Securities LLC’s holdings in Millicom International Cellular were worth $196,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD bought a new position in Millicom International Cellular in the first quarter worth approximately $1,216,000. Renaissance Technologies LLC raised its position in shares of Millicom International Cellular by 35.4% during the second quarter. Renaissance Technologies LLC now owns 320,747 shares of the technology company’s stock worth $7,874,000 after purchasing an additional 83,939 shares during the period. Millennium Management LLC lifted its holdings in shares of Millicom International Cellular by 138.9% in the 2nd quarter. Millennium Management LLC now owns 270,373 shares of the technology company’s stock worth $6,638,000 after purchasing an additional 157,205 shares in the last quarter. Fifth Third Bancorp acquired a new stake in Millicom International Cellular in the 2nd quarter valued at $67,000. Finally, AQR Capital Management LLC acquired a new stake in Millicom International Cellular in the 2nd quarter valued at $215,000.

Millicom International Cellular Trading Up 0.7 %

NASDAQ:TIGO opened at $27.58 on Thursday. Millicom International Cellular S.A. has a 52 week low of $14.46 and a 52 week high of $28.75. The firm has a 50-day moving average price of $26.81 and a two-hundred day moving average price of $24.61. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 551.60 and a beta of 1.23. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.64 and a current ratio of 0.66.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings data on Friday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.05). Millicom International Cellular had a return on equity of 2.91% and a net margin of 1.83%. The company had revenue of $1.46 billion during the quarter. During the same quarter last year, the company posted ($0.13) earnings per share. On average, equities analysts expect that Millicom International Cellular S.A. will post 2.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. HSBC lowered shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. UBS Group raised shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and raised their price target for the company from $25.00 to $33.00 in a research report on Thursday, August 15th. Hsbc Global Res lowered Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. JPMorgan Chase & Co. began coverage on Millicom International Cellular in a research note on Friday, September 6th. They issued an “overweight” rating and a $35.00 price objective for the company. Finally, Scotiabank raised Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $30.00 to $37.30 in a research report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Millicom International Cellular currently has an average rating of “Moderate Buy” and an average target price of $30.66.

About Millicom International Cellular

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.