Millicom International Cellular SA $TIGO Shares Sold by Headlands Technologies LLC

Headlands Technologies LLC lowered its stake in Millicom International Cellular SA (NASDAQ:TIGO) by 65.6% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,755 shares of the technology company’s stock after selling 7,162 shares during the quarter. Headlands Technologies LLC’s holdings in Millicom International Cellular were worth $341,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Allworth Financial LP raised its holdings in shares of Millicom International Cellular by 1,129.7% in the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock worth $25,000 after acquiring an additional 418 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in shares of Millicom International Cellular during the fourth quarter valued at $26,000. Versant Capital Management Inc increased its position in Millicom International Cellular by 896.7% during the 2nd quarter. Versant Capital Management Inc now owns 299 shares of the technology company’s stock worth $27,000 after purchasing an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC raised 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 valued at $53,000 after purchasing an additional 502 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Millicom International Cellular in the 4th quarter valued at about $61,000.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Zacks Research upgraded shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 11th. Weiss Ratings lowered shares of Millicom International Cellular from a “buy (a-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Scotiabank upped their price objective on shares of Millicom International Cellular from $52.40 to $60.10 and gave the company a “sector underperform” rating in a research note on Friday, August 7th. UBS Group raised their target price on shares of Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $105.00 target price (up from $100.00) on shares of Millicom International Cellular in a research note on Tuesday, August 18th. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $85.68.

Millicom International Cellular Stock Performance

NASDAQ TIGO opened at $95.91 on Friday. The business’s 50-day moving average price is $94.51 and its 200 day moving average price is $84.76. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 3.07. Millicom International Cellular SA has a twelve month low of $44.88 and a twelve month high of $107.13. The company has a market capitalization of $16.21 billion, a PE ratio of 24.22 and a beta of 0.92.

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.