SG Americas Securities LLC Sells 838 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

SG Americas Securities LLC lessened its position in Millicom International Cellular S.A. (NASDAQ:TIGO) by 10.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,005 shares of the technology company’s stock after selling 838 shares during the quarter. SG Americas Securities LLC’s holdings in Millicom International Cellular were worth $126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brandes Investment Partners LP lifted its holdings in Millicom International Cellular by 28.7% during the 3rd quarter. Brandes Investment Partners LP now owns 4,394,992 shares of the technology company’s stock valued at $67,903,000 after buying an additional 981,159 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Millicom International Cellular by 0.3% during the 3rd quarter. Gamco Investors INC. ET AL now owns 1,066,287 shares of the technology company’s stock valued at $16,474,000 after buying an additional 2,805 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Millicom International Cellular by 43.7% during the 2nd quarter. Renaissance Technologies LLC now owns 415,297 shares of the technology company’s stock valued at $5,953,000 after buying an additional 126,350 shares in the last quarter. Millennium Management LLC lifted its holdings in Millicom International Cellular by 559.6% during the 2nd quarter. Millennium Management LLC now owns 393,912 shares of the technology company’s stock valued at $5,661,000 after buying an additional 334,189 shares in the last quarter. Finally, FMR LLC lifted its holdings in Millicom International Cellular by 59.2% during the 2nd quarter. FMR LLC now owns 303,915 shares of the technology company’s stock valued at $4,367,000 after buying an additional 113,050 shares in the last quarter.

Millicom International Cellular Stock Performance

Shares of Millicom International Cellular stock opened at $19.61 on Thursday. The firm’s 50 day moving average price is $18.43 and its 200-day moving average price is $17.35. The company has a quick ratio of 0.80, a current ratio of 0.82 and a debt-to-equity ratio of 1.88. Millicom International Cellular S.A. has a 52-week low of $14.46 and a 52-week high of $20.81.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data on Tuesday, February 27th. The technology company reported ($0.36) earnings per share (EPS) for the quarter. Millicom International Cellular had a negative return on equity of 2.41% and a negative net margin of 1.45%. The firm had revenue of $1.48 billion during the quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TIGO. HSBC lifted their price objective on shares of Millicom International Cellular from $22.50 to $24.00 and gave the company a “buy” rating in a report on Thursday, April 11th. New Street Research upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and boosted their price target for the company from $20.00 to $24.00 in a report on Thursday, February 29th. JPMorgan Chase & Co. upgraded shares of Millicom International Cellular from a “neutral” rating to an “overweight” rating in a report on Thursday, March 28th. Morgan Stanley upgraded shares of Millicom International Cellular from an “equal weight” rating to an “overweight” rating in a report on Friday, January 5th. Finally, Scotiabank boosted their price target on shares of Millicom International Cellular from $18.00 to $26.10 and gave the company a “sector outperform” rating in a report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Millicom International Cellular presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.70.

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.