Triodos Investment Management BV Decreases Position in Millicom International Cellular SA $TIGO

Triodos Investment Management BV decreased its position in Millicom International Cellular SA (NASDAQ:TIGO) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 709,000 shares of the technology company’s stock after selling 99,000 shares during the period. Millicom International Cellular comprises approximately 2.5% of Triodos Investment Management BV’s portfolio, making the stock its 15th biggest holding. Triodos Investment Management BV owned 0.41% of Millicom International Cellular worth $34,394,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the company. Segall Bryant & Hamill LLC raised its stake in shares of Millicom International Cellular by 0.3% in the second quarter. Segall Bryant & Hamill LLC now owns 97,577 shares of the technology company’s stock valued at $3,656,000 after buying an additional 300 shares during the period. Smartleaf Asset Management LLC raised its stake in Millicom International Cellular by 155.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after acquiring an additional 314 shares during the period. AQR Capital Management LLC raised 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 valued at $290,000 after acquiring an additional 453 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Millicom International Cellular by 55.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,413 shares of the technology company’s stock valued at $53,000 after purchasing an additional 502 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in Millicom International Cellular during the third quarter worth about $26,000.

Wall Street Analyst Weigh In

TIGO has been the topic of several research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Millicom International Cellular in a research report on Thursday, January 22nd. Scotiabank cut shares of Millicom International Cellular from a “sector perform” rating to a “sector underperform” rating and lowered their target price for the company from $46.80 to $43.00 in a report on Wednesday, February 11th. UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and increased their target price for the stock from $49.00 to $70.00 in a research report on Thursday, January 15th. JPMorgan Chase & Co. lifted their price target on Millicom International Cellular from $55.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Finally, Zacks Research cut Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $53.00.

Millicom International Cellular Stock Up 3.3%

TIGO opened at $66.08 on Friday. The company has a fifty day moving average price of $58.64 and a 200-day moving average price of $51.97. The firm has a market capitalization of $11.37 billion, a P/E ratio of 10.12 and a beta of 0.93. The company has a debt-to-equity ratio of 1.76, a current ratio of 0.93 and a quick ratio of 0.91. Millicom International Cellular SA has a one year low of $25.50 and a one year high of $68.93.

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.