Quantinno Capital Management LP Makes New Investment in Millicom International Cellular S.A. (NASDAQ:TIGO)

Quantinno Capital Management LP purchased a new stake in shares of Millicom International Cellular S.A. (NASDAQ:TIGO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 9,636 shares of the technology company’s stock, valued at approximately $261,000.

Other large investors have also made changes to their positions in the company. Signaturefd LLC increased its position in Millicom International Cellular by 217.9% during the second quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock worth $28,000 after buying an additional 780 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Millicom International Cellular by 159.7% during the 3rd quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock worth $60,000 after acquiring an additional 1,367 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Millicom International Cellular during the 2nd quarter valued at about $67,000. Point72 Asset Management L.P. bought a new position in shares of Millicom International Cellular in the 3rd quarter valued at approximately $87,000. Finally, Summit Securities Group LLC acquired a new stake in Millicom International Cellular in the 2nd quarter worth approximately $98,000.

Millicom International Cellular Trading Up 2.0 %

Shares of Millicom International Cellular stock opened at $24.90 on Tuesday. Millicom International Cellular S.A. has a 1 year low of $15.55 and a 1 year high of $28.75. The company’s fifty day simple moving average is $26.52 and its 200-day simple moving average is $25.82. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 26.57 and a beta of 1.19. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings results on Thursday, November 7th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.38). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.46 billion. Millicom International Cellular had a return on equity of 4.43% and a net margin of 2.70%. The business’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) earnings per share. As a group, sell-side analysts expect that Millicom International Cellular S.A. will post 1.98 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on TIGO shares. Scotiabank upgraded Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $30.00 to $37.30 in a report on Friday, September 20th. JPMorgan Chase & Co. started coverage on shares of Millicom International Cellular in a research note on Friday, September 6th. They issued an “overweight” rating and a $35.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.