Y Intercept Hong Kong Ltd Boosts Stock Position in Millicom International Cellular SA $TIGO

Y Intercept Hong Kong Ltd increased its holdings in Millicom International Cellular SA (NASDAQ:TIGO) by 95.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,789 shares of the technology company’s stock after purchasing an additional 49,690 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Millicom International Cellular were worth $7,628,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. EWA LLC lifted its position in Millicom International Cellular by 2.5% during the fourth quarter. EWA LLC now owns 7,025 shares of the technology company’s stock valued at $389,000 after purchasing an additional 169 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of Millicom International Cellular by 2.3% in the 4th quarter. Vident Advisory LLC now owns 11,455 shares of the technology company’s stock worth $635,000 after buying an additional 254 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Millicom International Cellular by 140.8% in the 4th quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock worth $32,000 after buying an additional 335 shares during the last quarter. KBC Group NV raised its position in shares of Millicom International Cellular by 0.9% during the 4th quarter. KBC Group NV now owns 44,587 shares of the technology company’s stock valued at $2,472,000 after buying an additional 378 shares in the last quarter. Finally, Archford Capital Strategies LLC raised its position in shares of Millicom International Cellular by 8.5% during the 4th quarter. Archford Capital Strategies LLC now owns 5,076 shares of the technology company’s stock valued at $281,000 after buying an additional 398 shares in the last quarter.

Insider Activity

In other news, insider Salvador Escalon sold 49,288 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $88.51, for a total transaction of $4,362,480.88. Following the transaction, the insider owned 165,344 shares of the company’s stock, valued at approximately $14,634,597.44. This represents a 22.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.52% of the stock is owned by company insiders.

Millicom International Cellular Price Performance

Millicom International Cellular stock opened at $93.76 on Friday. Millicom International Cellular SA has a 12-month low of $36.59 and a 12-month high of $95.38. 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 firm has a 50-day moving average price of $85.67 and a 200-day moving average price of $73.19. The firm has a market capitalization of $15.85 billion, a PE ratio of 12.74 and a beta of 0.92.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.99 billion. As a group, equities research analysts forecast that Millicom International Cellular SA will post 1.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on TIGO. 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. Wall Street Zen downgraded Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. upped their price objective on Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. UBS Group cut 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, May 26th. Finally, HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.