6,303 Shares in Millicom International Cellular SA $TIGO Acquired by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC purchased a new position in Millicom International Cellular SA (NASDAQ:TIGO) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,303 shares of the technology company’s stock, valued at approximately $349,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TIGO. Royal Bank of Canada increased its holdings in Millicom International Cellular by 48.1% in the 1st quarter. Royal Bank of Canada now owns 46,183 shares of the technology company’s stock worth $1,398,000 after buying an additional 14,990 shares during the period. AQR Capital Management LLC increased its holdings in Millicom International Cellular by 5.0% in the 1st quarter. AQR Capital Management LLC now owns 9,587 shares of the technology company’s stock worth $290,000 after buying an additional 453 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Millicom International Cellular in the first quarter valued at $2,188,000. Goldman Sachs Group Inc. purchased a new stake in Millicom International Cellular in the first quarter valued at $50,664,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Millicom International Cellular in the first quarter valued at $8,504,000.

Millicom International Cellular Trading Up 1.8%

Shares of NASDAQ:TIGO opened at $85.36 on Friday. Millicom International Cellular SA has a 12-month low of $35.62 and a 12-month high of $87.05. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.33. The business has a 50 day moving average of $80.81 and a two-hundred day moving average of $66.83. The company has a market capitalization of $14.43 billion, a PE ratio of 11.60 and a beta of 0.93.

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

Millicom International Cellular Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Scotiabank upped their price target on shares of Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a report on Wednesday. Zacks Research raised shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings raised shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Friday, March 6th. Finally, UBS Group downgraded Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 price target for the company. in a report on Tuesday, May 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $77.28.

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.