FNY Investment Advisers LLC acquired a new stake in Millicom International Cellular S.A. (NASDAQ:TIGO – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,551 shares of the technology company’s stock, valued at approximately $183,000.

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Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc acquired a new position in Millicom International Cellular during the 3rd quarter valued at about $64,000. Advisor Group Holdings Inc. grew its holdings in Millicom International Cellular by 261.5% during the first quarter. Advisor Group Holdings Inc. now owns 1,128 shares of the technology company’s stock worth $28,000 after buying an additional 816 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Millicom International Cellular in the 1st quarter valued at $50,000. UBS Group AG lifted its stake in Millicom International Cellular by 539.7% during the 1st quarter. UBS Group AG now owns 2,482 shares of the technology company’s stock valued at $62,000 after acquiring an additional 2,094 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Millicom International Cellular during the 1st quarter worth $161,000. 18.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TIGO. JPMorgan Chase & Co. downgraded shares of Millicom International Cellular from an “overweight” rating to a “neutral” rating in a report on Thursday. UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Tuesday, January 17th.

Millicom International Cellular Stock Performance

TIGO traded up $0.75 during trading on Friday, hitting $18.09. 110,102 shares of the company traded hands, compared to its average volume of 230,913. Millicom International Cellular S.A. has a one year low of $10.22 and a one year high of $27.88. The stock’s fifty day moving average is $17.47 and its 200 day moving average is $14.30. The company has a quick ratio of 0.95, a current ratio of 0.97 and a debt-to-equity ratio of 1.82. The firm has a market cap of $1.84 billion, a P/E ratio of 11.99 and a beta of 1.00.

Millicom International Cellular (NASDAQ:TIGO – Get Rating) last issued its quarterly earnings results on Friday, February 10th. The technology company reported $0.33 earnings per share (EPS) for the quarter. Millicom International Cellular had a net margin of 3.15% and a return on equity of 1.85%. The company had revenue of $1.38 billion during the quarter.

Millicom International Cellular Company Profile

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Millicom International Cellular SA engages in the cable and mobile services. It operates through the Latin America and Africa geographical segments. The Latin America segment includes the Guatemala and Honduras joint ventures. The Africa segment comprises of the operations in Tanzania. The company was founded on December 14, 1990 and is headquartered in Luxembourg.

See Also

Want to see what other hedge funds are holding TIGO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Millicom International Cellular S.A. (NASDAQ:TIGO – Get Rating).

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