Ruffer LLP Invests $3.46 Million in Millicom International Cellular SA $TIGO

Ruffer LLP purchased a new stake in shares of Millicom International Cellular SA (NASDAQ:TIGO) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 71,312 shares of the technology company’s stock, valued at approximately $3,461,000.

Several other hedge funds have also recently bought and sold shares of TIGO. New York State Common Retirement Fund boosted its position in Millicom International Cellular by 10.7% during the 3rd quarter. New York State Common Retirement Fund now owns 45,711 shares of the technology company’s stock worth $2,219,000 after acquiring an additional 4,400 shares during the period. Truist Financial Corp purchased a new position in Millicom International Cellular during the third quarter valued at approximately $289,000. Vanguard Personalized Indexing Management LLC grew its position in Millicom International Cellular by 5.2% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 34,010 shares of the technology company’s stock valued at $1,651,000 after purchasing an additional 1,676 shares in the last quarter. OneAscent Wealth Management LLC acquired a new position in Millicom International Cellular in the 3rd quarter valued at approximately $373,000. Finally, OneAscent Financial Services LLC purchased a new stake in Millicom International Cellular in the 3rd quarter worth approximately $390,000.

Millicom International Cellular Stock Performance

NASDAQ:TIGO opened at $60.83 on Thursday. The firm has a market capitalization of $10.47 billion, a PE ratio of 9.32 and a beta of 0.94. Millicom International Cellular SA has a 1 year low of $25.50 and a 1 year high of $62.14. The company has a current ratio of 0.93, a quick ratio of 0.91 and a debt-to-equity ratio of 1.76. The firm’s fifty day simple moving average is $54.41 and its 200 day simple moving average is $49.06.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.21). Millicom International Cellular had a return on equity of 10.81% and a net margin of 19.58%.The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.40 billion. The company’s revenue was down .8% compared to the same quarter last year. On average, sell-side analysts anticipate that Millicom International Cellular SA will post 1.91 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on TIGO shares. Zacks Research cut shares of Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Wall Street Zen upgraded Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Scotiabank lifted their target price on shares of Millicom International Cellular from $46.10 to $46.80 and gave the company a “sector perform” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. raised their price target on shares of Millicom International Cellular from $55.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Millicom International Cellular in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Millicom International Cellular currently has an average rating of “Moderate Buy” and a consensus target price of $53.95.

Millicom International Cellular Profile

Millicom International Cellular SA, trading under the TIGO brand, is a Luxembourg‐headquartered telecommunications and media company that provides a range of mobile, cable broadband, digital television and enterprise services. Through its integrated infrastructure, the company delivers voice and data connectivity, high‐speed internet access and pay‐television packages to millions of customers, supported by ongoing investments in network coverage and capacity.

Established in 1990 by Swedish investor Jan Stenbeck, Millicom has grown into a multi‐regional operator focused primarily on Central and South America.