BNP Paribas Financial Markets Sells 4,077 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

BNP Paribas Financial Markets reduced its holdings in Millicom International Cellular S.A. (NASDAQ:TIGO) by 50.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,993 shares of the technology company’s stock after selling 4,077 shares during the period. BNP Paribas Financial Markets’ holdings in Millicom International Cellular were worth $108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in Millicom International Cellular by 35.4% in the second quarter. Renaissance Technologies LLC now owns 320,747 shares of the technology company’s stock worth $7,874,000 after acquiring an additional 83,939 shares during the period. Millennium Management LLC lifted its stake in shares of Millicom International Cellular by 138.9% during the second quarter. Millennium Management LLC now owns 270,373 shares of the technology company’s stock worth $6,638,000 after buying an additional 157,205 shares during the period. AQR Capital Management LLC purchased a new position in shares of Millicom International Cellular in the second quarter worth about $215,000. Fifth Third Bancorp purchased a new position in shares of Millicom International Cellular during the second quarter worth $67,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Millicom International Cellular by 5.7% in the second quarter. Envestnet Asset Management Inc. now owns 104,013 shares of the technology company’s stock worth $2,554,000 after buying an additional 5,624 shares during the last quarter.

Millicom International Cellular Trading Down 2.3 %

Shares of Millicom International Cellular stock opened at $24.27 on Thursday. Millicom International Cellular S.A. has a fifty-two week low of $15.55 and a fifty-two week high of $28.75. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.64 and a current ratio of 0.66. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 25.82 and a beta of 1.19. The stock has a 50 day moving average of $26.40 and a 200 day moving average of $25.81.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on TIGO shares. JPMorgan Chase & Co. started coverage on shares of Millicom International Cellular in a research report on Friday, September 6th. They set an “overweight” rating and a $35.00 price target on the stock. Scotiabank raised shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $30.00 to $37.30 in a report on Friday, September 20th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Millicom International Cellular has a consensus rating of “Moderate Buy” and a consensus target price of $30.66.

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.