XTX Topco Ltd Acquires New Stake in Millicom International Cellular S.A. (NASDAQ:TIGO)

XTX Topco Ltd acquired a new stake in Millicom International Cellular S.A. (NASDAQ:TIGO) during the 3rd quarter, HoldingsChannel reports. The firm acquired 15,732 shares of the technology company’s stock, valued at approximately $427,000.

Other institutional investors have also bought and sold shares of the company. Signaturefd LLC lifted its stake in Millicom International Cellular by 217.9% in the second quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock valued at $28,000 after purchasing an additional 780 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Millicom International Cellular by 159.7% during the third quarter. Blue Trust Inc. now owns 2,223 shares of the technology company’s stock worth $60,000 after acquiring an additional 1,367 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Millicom International Cellular in the second quarter worth $67,000. National Bank of Canada FI bought a new position in shares of Millicom International Cellular in the third quarter worth $76,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Millicom International Cellular in the third quarter worth $87,000.

Millicom International Cellular Trading Down 0.3 %

Shares of TIGO stock opened at $24.40 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.59. Millicom International Cellular S.A. has a 52-week low of $15.55 and a 52-week high of $28.75. The business’s fifty day moving average is $26.52 and its 200 day moving average is $25.80.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data 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 return on equity of 4.43% and a net margin of 2.70%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business posted ($0.03) EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. Equities research analysts forecast that Millicom International Cellular S.A. will post 1.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.