Quantinno Capital Management LP Grows Stake in Millicom International Cellular SA $TIGO

Quantinno Capital Management LP grew its stake in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 78.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,205 shares of the technology company’s stock after acquiring an additional 16,748 shares during the quarter. Quantinno Capital Management LP’s holdings in Millicom International Cellular were worth $2,863,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Millicom International Cellular by 48.1% during the 1st quarter. Royal Bank of Canada now owns 46,183 shares of the technology company’s stock valued at $1,398,000 after purchasing an additional 14,990 shares during the last quarter. AQR Capital Management LLC lifted its stake in Millicom International Cellular by 5.0% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Millicom International Cellular during the 1st quarter valued at about $2,188,000. Goldman Sachs Group Inc. purchased a new stake in shares of Millicom International Cellular during the 1st quarter valued at about $50,664,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Millicom International Cellular during the 1st quarter valued at about $8,504,000.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TIGO shares. JPMorgan Chase & Co. boosted their price objective on shares of Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Wall Street Zen lowered shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Scotiabank increased their price target on Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a report on Wednesday, May 27th. Weiss Ratings upgraded Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 13th. Finally, Zacks Research lowered Millicom International Cellular from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $79.28.

Insider Activity at Millicom International Cellular

In related news, insider Salvador Escalon sold 49,288 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $88.51, for a total value of $4,362,480.88. Following the completion of the transaction, the insider directly owned 165,344 shares of the company’s stock, valued at approximately $14,634,597.44. This trade represents a 22.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 50,140 shares of company stock worth $4,425,461.

Key Stories Impacting Millicom International Cellular

Here are the key news stories impacting Millicom International Cellular this week:

• Positive Sentiment: Second-quarter revenue rose 59.4% year over year to $2.18 billion, exceeding analysts’ $2.13 billion estimate. The sharp increase reflects the contribution of Millicom’s Latin American acquisitions and expanding operations. Millicom quarterly earnings report
• Positive Sentiment: Millicom raised its 2026 equity free cash flow target and lowered its expected year-end leverage, signaling improved cash generation and balance-sheet progress. Millicom raises guidance and declares dividend
• Positive Sentiment: The company declared a $1.50-per-share interim dividend, providing a direct shareholder-return catalyst and reinforcing management’s confidence in cash flow. Millicom interim dividend announcement
• Neutral Sentiment: Quarterly EPS was $0.64, beating the Zacks consensus estimate of $0.54, although estimates cited by other sources were higher. The results therefore present a mixed earnings-surprise picture. Millicom Q2 earnings estimates
• Negative Sentiment: EPS declined from $1.14 in the year-ago quarter to $0.64, and one analyst consensus cited by MarketBeat was $0.71. The lower profitability may be weighing on investors despite the strong acquisition-driven revenue growth. Millicom earnings data

Millicom International Cellular Trading Up 0.0%

Shares of TIGO stock opened at $97.14 on Monday. Millicom International Cellular SA has a 52-week low of $42.00 and a 52-week high of $107.13. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.51 and a current ratio of 0.53. The firm has a market capitalization of $16.42 billion, a PE ratio of 24.53 and a beta of 0.91. The stock has a fifty day simple moving average of $92.15 and a two-hundred day simple moving average of $80.64.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a net margin of 9.19% and a return on equity of 18.39%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.99 billion. On average, analysts predict that Millicom International Cellular SA will post 1.78 EPS for the current fiscal year.

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.