Quantbot Technologies LP Has $306,000 Stock Position in Millicom International Cellular S.A. (NASDAQ:TIGO)

Quantbot Technologies LP increased its stake in Millicom International Cellular S.A. (NASDAQ:TIGO) by 1,405.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,238 shares of the technology company’s stock after purchasing an additional 11,425 shares during the period. Quantbot Technologies LP’s holdings in Millicom International Cellular were worth $306,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TIGO. Charles Schwab Investment Management Inc. increased its stake in Millicom International Cellular by 95.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 108,047 shares of the technology company’s stock valued at $2,930,000 after acquiring an additional 52,638 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Millicom International Cellular in the 3rd quarter valued at $168,000. Point72 Asset Management L.P. bought a new position in shares of Millicom International Cellular in the 3rd quarter valued at $87,000. Quantinno Capital Management LP acquired a new position in shares of Millicom International Cellular during the 3rd quarter worth $261,000. Finally, State Street Corp acquired a new stake in Millicom International Cellular in the third quarter valued at about $231,000.

Analyst Ratings Changes

TIGO has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their target price on Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, January 16th. Scotiabank increased 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 research note on Friday, February 28th. Morgan Stanley began coverage on shares of Millicom International Cellular in a research note on Wednesday, January 29th. They set an “equal weight” rating and a $32.00 target price on the stock. Hsbc Global Res upgraded Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 22nd. Finally, HSBC upgraded Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $33.98.

Millicom International Cellular Price Performance

TIGO stock opened at $30.20 on Friday. The company has a market capitalization of $5.20 billion, a P/E ratio of 32.13 and a beta of 1.23. The company has a fifty day moving average price of $27.98 and a 200-day moving average price of $26.85. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66. Millicom International Cellular S.A. has a 52-week low of $19.50 and a 52-week high of $31.63.

Millicom International Cellular Dividend Announcement

The business also recently announced 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. This represents a yield of 3.9%. The ex-dividend date is Tuesday, April 8th. Millicom International Cellular’s payout ratio is presently 202.70%.

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.