Millicom International Cellular SA $TIGO Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its stake in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 15.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,816 shares of the technology company’s stock after selling 29,051 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Millicom International Cellular were worth $5,763,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Segall Bryant & Hamill LLC grew its holdings in Millicom International Cellular by 0.3% during the 2nd 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 last quarter. AQR Capital Management LLC lifted its position in shares of Millicom International Cellular by 5.0% in the first 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 in the last quarter. USA Financial Formulas acquired a new stake in shares of Millicom International Cellular during the second quarter valued at $30,000. Russell Investments Group Ltd. boosted its stake in shares of Millicom International Cellular by 6.8% during the second quarter. Russell Investments Group Ltd. now owns 26,847 shares of the technology company’s stock valued at $1,006,000 after acquiring an additional 1,700 shares during the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in Millicom International Cellular by 1.7% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 107,867 shares of the technology company’s stock worth $4,042,000 after purchasing an additional 1,800 shares in the last quarter.

Millicom International Cellular Price Performance

TIGO opened at $53.06 on Monday. Millicom International Cellular SA has a 1 year low of $23.61 and a 1 year high of $56.27. The company’s 50 day simple moving average is $49.02 and its 200 day simple moving average is $43.80. The stock has a market capitalization of $9.13 billion, a PE ratio of 9.36 and a beta of 1.11. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.87 and a current ratio of 0.89.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.21). The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. Millicom International Cellular had a return on equity of 10.32% and a net margin of 16.97%.The firm’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, sell-side analysts expect that Millicom International Cellular SA will post 1.91 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on TIGO shares. Zacks Research upgraded shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Millicom International Cellular in a research report on Wednesday, October 8th. UBS Group lowered shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and raised their target price for the stock from $39.50 to $49.00 in a research report on Thursday, September 11th. Wall Street Zen raised shares of Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Finally, Scotiabank boosted their price target on Millicom International Cellular from $46.10 to $46.80 and gave the company a “sector perform” rating in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.47.

About Millicom International Cellular

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.