Sanctuary Advisors LLC Sells 8,877 Shares of Millicom International Cellular SA $TIGO

Sanctuary Advisors LLC lessened its holdings in Millicom International Cellular SA (NASDAQ:TIGO) by 32.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 18,275 shares of the technology company’s stock after selling 8,877 shares during the period. Sanctuary Advisors LLC’s holdings in Millicom International Cellular were worth $1,370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Calamos Advisors LLC increased its holdings in Millicom International Cellular by 1.8% during the first quarter. Calamos Advisors LLC now owns 80,980 shares of the technology company’s stock valued at $6,069,000 after buying an additional 1,430 shares during the period. Principal Financial Group Inc. purchased a new stake in Millicom International Cellular during the first quarter worth $205,000. LGT Fund Management Co Ltd. purchased a new stake in Millicom International Cellular during the first quarter worth $2,373,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Millicom International Cellular by 1.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 143,555 shares of the technology company’s stock valued at $10,758,000 after acquiring an additional 1,542 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its position in Millicom International Cellular by 38.8% during the 1st quarter. Hsbc Holdings PLC now owns 75,751 shares of the technology company’s stock valued at $5,712,000 after acquiring an additional 21,175 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TIGO shares. JPMorgan Chase & Co. boosted their price target on Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Scotiabank lifted their target price on Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a research note on Wednesday, May 27th. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. Wall Street Zen lowered shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, UBS Group raised their price target on shares of Millicom International Cellular from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Millicom International Cellular has an average rating of “Hold” and an average target price of $79.28.

Millicom International Cellular Stock Down 1.6%

Millicom International Cellular stock opened at $96.25 on Friday. Millicom International Cellular SA has a 1-year low of $39.01 and a 1-year high of $100.75. The business has a fifty day moving average price of $89.54 and a 200-day moving average price of $77.44. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 13.08 and a beta of 0.92.

Millicom International Cellular (NASDAQ:TIGO) last announced its earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%.The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Equities research analysts forecast that Millicom International Cellular SA will post 1.78 EPS for the current fiscal year.

Insider Buying and Selling at Millicom International Cellular

In other news, insider Salvador Escalon sold 49,288 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $88.51, for a total transaction of $4,362,480.88. Following the sale, the insider owned 165,344 shares in the company, valued at approximately $14,634,597.44. The trade was a 22.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 50,140 shares of company stock worth $4,425,461 in the last 90 days. 0.52% of the stock is currently owned by insiders.

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.