Jackson Creek Investment Advisors LLC Buys New Position in Millicom International Cellular SA $TIGO

Jackson Creek Investment Advisors LLC bought a new stake in shares of Millicom International Cellular SA (NASDAQ:TIGO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,553 shares of the technology company’s stock, valued at approximately $1,084,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Plato Investment Management Ltd bought a new position in shares of Millicom International Cellular during the third quarter valued at approximately $875,000. JPMorgan Chase & Co. raised its holdings in shares of Millicom International Cellular by 348.9% during the third quarter. JPMorgan Chase & Co. now owns 6,459,716 shares of the technology company’s stock valued at $313,555,000 after acquiring an additional 5,020,602 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Millicom International Cellular by 15.0% during the third quarter. William Blair Investment Management LLC now owns 128,350 shares of the technology company’s stock valued at $6,230,000 after acquiring an additional 16,695 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Millicom International Cellular by 31.1% during the fourth quarter. Assetmark Inc. now owns 85,059 shares of the technology company’s stock valued at $4,716,000 after acquiring an additional 20,194 shares in the last quarter. Finally, Mirabella Financial Services LLP bought a new position in shares of Millicom International Cellular during the third quarter valued at approximately $1,539,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TIGO shares. UBS Group downgraded Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price for the company. in a report on Tuesday. HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research note on Friday, March 6th. Morgan Stanley reaffirmed a “positive” rating and issued a $55.00 price target on shares of Millicom International Cellular in a research note on Thursday, February 26th. Wall Street Zen cut Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings raised Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.28.

Millicom International Cellular Price Performance

Shares of TIGO stock opened at $84.67 on Thursday. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 11.50 and a beta of 0.93. The business’s fifty day moving average is $80.36 and its 200 day moving average is $66.44. Millicom International Cellular SA has a twelve month low of $35.49 and a twelve month high of $87.05. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%. Research analysts expect that Millicom International Cellular SA will post 2.34 EPS for the current fiscal year.

Millicom International Cellular Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 8th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Thursday, April 8th. Millicom International Cellular’s dividend payout ratio is presently 40.76%.

About Millicom International Cellular

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.