Quantbot Technologies LP Has $306,000 Stock Position in Millicom International Cellular S.A. (NASDAQ:TIGO)

Quantbot Technologies LP boosted its holdings in Millicom International Cellular S.A. (NASDAQ:TIGO) by 1,405.3% in the fourth quarter, HoldingsChannel reports. The firm owned 12,238 shares of the technology company’s stock after purchasing an additional 11,425 shares during the period. Quantbot Technologies LP’s holdings in Millicom International Cellular were worth $306,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Perpetual Ltd bought a new position in Millicom International Cellular in the fourth quarter worth approximately $1,587,000. Brandes Investment Partners LP lifted its holdings in shares of Millicom International Cellular by 1.5% in the 4th quarter. Brandes Investment Partners LP now owns 4,574,255 shares of the technology company’s stock worth $114,402,000 after purchasing an additional 68,061 shares in the last quarter. Assetmark Inc. grew its position in Millicom International Cellular by 4,044.9% in the 4th quarter. Assetmark Inc. now owns 27,481 shares of the technology company’s stock valued at $687,000 after purchasing an additional 26,818 shares during the period. Magnetar Financial LLC bought a new stake in Millicom International Cellular during the 4th quarter valued at $474,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Millicom International Cellular by 47.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 159,667 shares of the technology company’s stock worth $3,993,000 after buying an additional 51,620 shares during the last quarter.

Millicom International Cellular Stock Performance

TIGO stock opened at $30.20 on Friday. The business has a 50 day moving average of $27.98 and a 200-day moving average of $26.85. The firm has a market cap of $5.20 billion, a PE ratio of 32.13 and a beta of 1.23. Millicom International Cellular S.A. has a 12-month low of $19.50 and a 12-month high of $31.63. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.59.

Millicom International Cellular Announces Dividend

The firm also recently announced an annual dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.75 per share. This represents a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, April 8th. Millicom International Cellular’s dividend payout ratio is presently 202.70%.

Analysts Set New Price Targets

TIGO has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Millicom International Cellular from $36.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. HSBC raised Millicom International Cellular from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, January 22nd. Scotiabank raised their target price on Millicom International Cellular from $37.30 to $37.90 and gave the company a “sector outperform” rating in a report on Friday, February 28th. Hsbc Global Res upgraded Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley initiated coverage on Millicom International Cellular in a research note on Wednesday, January 29th. They set an “equal weight” rating and a $32.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $33.98.

Millicom International Cellular 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.