16,622 Shares in Millicom International Cellular SA $TIGO Bought by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC purchased a new stake in Millicom International Cellular SA (NASDAQ:TIGO) during the third quarter, according to its most recent filing with the SEC. The fund purchased 16,622 shares of the technology company’s stock, valued at approximately $807,000.

Several other hedge funds have also bought and sold shares of the stock. Segall Bryant & Hamill LLC grew its position in shares of Millicom International Cellular by 0.3% during the second quarter. Segall Bryant & Hamill LLC now owns 97,577 shares of the technology company’s stock valued at $3,656,000 after purchasing an additional 300 shares in the last quarter. AQR Capital Management LLC increased its stake in Millicom International Cellular by 5.0% in the 1st quarter. AQR Capital Management LLC now owns 9,587 shares of the technology company’s stock worth $290,000 after acquiring an additional 453 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Millicom International Cellular by 55.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,413 shares of the technology company’s stock worth $53,000 after acquiring an additional 502 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Millicom International Cellular during the 3rd quarter worth approximately $26,000. Finally, BTG Pactual Asset Management US LLC boosted its position in shares of Millicom International Cellular by 1.0% during the 2nd quarter. BTG Pactual Asset Management US LLC now owns 63,416 shares of the technology company’s stock valued at $2,376,000 after acquiring an additional 609 shares during the last quarter.

Millicom International Cellular Price Performance

TIGO opened at $54.27 on Friday. The business has a fifty day moving average of $50.80 and a 200 day moving average of $45.79. The stock has a market cap of $9.34 billion, a P/E ratio of 8.31 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 1.76. Millicom International Cellular SA has a 52-week low of $23.61 and a 52-week high of $56.27.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Millicom International Cellular in a report on Wednesday, October 8th. Zacks Research raised Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 19th. Scotiabank lifted their target price on Millicom International Cellular from $46.10 to $46.80 and gave the stock a “sector perform” rating in a report on Friday, November 7th. UBS Group downgraded Millicom International Cellular from a “buy” rating to a “neutral” rating and raised their price target for the stock from $39.50 to $49.00 in a research report on Thursday, September 11th. Finally, Wall Street Zen upgraded shares of Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $43.47.

About Millicom International Cellular

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.