Brandes Investment Partners LP Has $79.08 Million Stock Position in Millicom International Cellular S.A. (NASDAQ:TIGO)

Brandes Investment Partners LP lowered its stake in Millicom International Cellular S.A. (NASDAQ:TIGO) by 0.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,393,222 shares of the technology company’s stock after selling 1,770 shares during the period. Brandes Investment Partners LP’s holdings in Millicom International Cellular were worth $79,078,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LWM Advisory Services LLC increased its holdings in Millicom International Cellular by 152.7% in the 4th quarter. LWM Advisory Services LLC now owns 29,422 shares of the technology company’s stock valued at $530,000 after buying an additional 17,779 shares during the period. LB Partners LLC bought a new position in Millicom International Cellular in the fourth quarter valued at approximately $9,000,000. Schonfeld Strategic Advisors LLC acquired a new position in Millicom International Cellular during the third quarter valued at approximately $627,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Millicom International Cellular by 1.7% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 93,292 shares of the technology company’s stock valued at $1,441,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Morningstar Investment Services LLC lifted its stake in Millicom International Cellular by 2.6% during the third quarter. Morningstar Investment Services LLC now owns 119,943 shares of the technology company’s stock worth $1,847,000 after purchasing an additional 2,991 shares during the last quarter.

Millicom International Cellular Stock Performance

Shares of NASDAQ:TIGO traded up $0.12 during midday trading on Monday, hitting $24.07. 142,488 shares of the stock were exchanged, compared to its average volume of 88,604. The business’s 50-day moving average price is $20.51 and its 200 day moving average price is $18.33. Millicom International Cellular S.A. has a 12 month low of $14.46 and a 12 month high of $24.14. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.84 and a current ratio of 0.86.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings results on Tuesday, February 27th. The technology company reported ($0.36) earnings per share (EPS) for the quarter. The business had revenue of $1.48 billion during the quarter. Millicom International Cellular had a net margin of 0.12% and a return on equity of 0.08%.

Wall Street Analyst Weigh In

TIGO has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded Millicom International Cellular from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 28th. Scotiabank boosted their target price on Millicom International Cellular from $18.00 to $26.10 and gave the stock a “sector outperform” rating in a research note on Wednesday, February 28th. New Street Research upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and raised their price target for the company from $20.00 to $24.00 in a research note on Thursday, February 29th. Finally, HSBC upped their price objective on shares of Millicom International Cellular from $22.50 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average 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.