Vanguard Personalized Indexing Management LLC Purchases 1,964 Shares of Millicom International Cellular S.A. (NASDAQ:TIGO)

Vanguard Personalized Indexing Management LLC boosted its position in Millicom International Cellular S.A. (NASDAQ:TIGO) by 11.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,441 shares of the technology company’s stock after acquiring an additional 1,964 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Millicom International Cellular were worth $477,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Optiver Holding B.V. grew its position in shares of Millicom International Cellular by 216.0% during the 4th quarter. Optiver Holding B.V. now owns 56,615 shares of the technology company’s stock worth $1,019,000 after buying an additional 38,697 shares during the period. Morningstar Investment Services LLC grew its holdings in Millicom International Cellular by 105.6% during the 4th quarter. Morningstar Investment Services LLC now owns 246,622 shares of the technology company’s stock worth $4,474,000 after acquiring an additional 126,679 shares during the period. Greytown Advisors Inc. raised its position in shares of Millicom International Cellular by 91.6% during the 4th quarter. Greytown Advisors Inc. now owns 45,955 shares of the technology company’s stock valued at $827,000 after acquiring an additional 21,965 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Millicom International Cellular by 13.1% in the 1st quarter. SG Americas Securities LLC now owns 7,925 shares of the technology company’s stock valued at $160,000 after purchasing an additional 920 shares during the period. Finally, Clifford Capital Partners LLC boosted its position in shares of Millicom International Cellular by 8.7% in the 1st quarter. Clifford Capital Partners LLC now owns 42,867 shares of the technology company’s stock worth $867,000 after purchasing an additional 3,427 shares during the last quarter.

Millicom International Cellular Stock Down 1.3 %

TIGO opened at $27.76 on Friday. The stock’s fifty day simple moving average is $26.04 and its 200 day simple moving average is $23.58. Millicom International Cellular S.A. has a 1-year low of $14.46 and a 1-year high of $28.75. The stock has a market cap of $2.82 billion, a PE ratio of 555.20 and a beta of 1.23. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 1.72.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data on Friday, August 2nd. The technology company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.05). The firm had revenue of $1.46 billion for the quarter. Millicom International Cellular had a return on equity of 2.91% and a net margin of 1.83%. During the same period in the previous year, the company posted ($0.13) EPS. As a group, research analysts expect that Millicom International Cellular S.A. will post 2.33 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on TIGO. UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and upped their price objective for the company from $25.00 to $33.00 in a report on Thursday, August 15th. HSBC cut Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Hsbc Global Res lowered shares of Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Scotiabank raised shares of Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $30.00 to $37.30 in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. started coverage on shares of Millicom International Cellular in a research report on Friday, September 6th. They set an “overweight” rating and a $35.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.