Parkwood LLC Increases Stock Position in Millicom International Cellular S.A. (NASDAQ:TIGO)

Parkwood LLC increased its position in shares of Millicom International Cellular S.A. (NASDAQ:TIGOGet Rating) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 169,398 shares of the technology company’s stock after buying an additional 8,187 shares during the quarter. Parkwood LLC’s holdings in Millicom International Cellular were worth $4,819,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Morningstar Investment Services LLC lifted its holdings in Millicom International Cellular by 12.7% during the fourth quarter. Morningstar Investment Services LLC now owns 32,546 shares of the technology company’s stock valued at $926,000 after purchasing an additional 3,668 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Millicom International Cellular by 2.0% during the third quarter. Gamco Investors INC. ET AL now owns 599,297 shares of the technology company’s stock valued at $21,665,000 after purchasing an additional 11,608 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Millicom International Cellular during the third quarter valued at $1,033,000. Bank of America Corp DE lifted its holdings in Millicom International Cellular by 56.4% during the second quarter. Bank of America Corp DE now owns 4,977 shares of the technology company’s stock valued at $197,000 after purchasing an additional 1,794 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Millicom International Cellular by 49.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,169 shares of the technology company’s stock valued at $33,000 after purchasing an additional 387 shares in the last quarter. 10.83% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on TIGO shares. JPMorgan Chase & Co. raised shares of Millicom International Cellular from a “neutral” rating to an “overweight” rating in a report on Thursday, March 31st. Scotiabank raised shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and decreased their price objective for the company from $35.90 to $32.90 in a report on Tuesday, March 8th.

Shares of NASDAQ TIGO traded down $0.21 during mid-day trading on Tuesday, reaching $23.50. The company’s stock had a trading volume of 52,372 shares, compared to its average volume of 110,115. The stock has a 50-day moving average of $24.33 and a two-hundred day moving average of $27.31. The stock has a market capitalization of $2.39 billion, a P/E ratio of 4.15 and a beta of 0.83. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.52 and a current ratio of 0.54. Millicom International Cellular S.A. has a 1-year low of $19.75 and a 1-year high of $46.18.

Millicom International Cellular (NASDAQ:TIGOGet Rating) last issued its earnings results on Friday, February 11th. The technology company reported $6.41 EPS for the quarter. The business had revenue of $1.35 billion during the quarter. Millicom International Cellular had a net margin of 11.57% and a return on equity of 23.41%.

Millicom International Cellular Company Profile (Get Rating)

Millicom International Cellular SA provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.

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Institutional Ownership by Quarter for Millicom International Cellular (NASDAQ:TIGO)

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