Millicom International Cellular SA $TIGO Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL decreased its holdings in Millicom International Cellular SA (NASDAQ:TIGO) by 8.6% in the 3rd quarter, Holdings Channel reports. The firm owned 716,183 shares of the technology company’s stock after selling 67,047 shares during the period. Gamco Investors INC. ET AL’s holdings in Millicom International Cellular were worth $34,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of TIGO. Barclays PLC increased its stake in Millicom International Cellular by 1.7% in the third quarter. Barclays PLC now owns 2,895,215 shares of the technology company’s stock valued at $140,534,000 after purchasing an additional 47,194 shares during the period. Crossmark Global Holdings Inc. boosted its stake in shares of Millicom International Cellular by 184.4% during the third quarter. Crossmark Global Holdings Inc. now owns 397,857 shares of the technology company’s stock worth $19,312,000 after buying an additional 257,957 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Millicom International Cellular by 0.4% during the third quarter. Victory Capital Management Inc. now owns 744,511 shares of the technology company’s stock worth $36,139,000 after buying an additional 2,840 shares during the period. William Blair Investment Management LLC grew its holdings in shares of Millicom International Cellular by 15.0% during the third quarter. William Blair Investment Management LLC now owns 128,350 shares of the technology company’s stock worth $6,230,000 after buying an additional 16,695 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of Millicom International Cellular during the third quarter worth about $2,231,000.

Millicom International Cellular Trading Down 2.5%

NASDAQ TIGO opened at $69.28 on Friday. The stock has a market capitalization of $11.92 billion, a P/E ratio of 8.83 and a beta of 0.90. Millicom International Cellular SA has a 52-week low of $26.35 and a 52-week high of $75.25. The firm has a 50-day moving average price of $62.00 and a 200 day moving average price of $53.81. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 1.81.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings data on Thursday, February 26th. The technology company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.45. Millicom International Cellular had a net margin of 22.62% and a return on equity of 17.07%. The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter last year, the firm earned $0.18 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. Equities research analysts expect that Millicom International Cellular SA will post 1.91 EPS for the current year.

Wall Street Analyst Weigh In

TIGO has been the subject of several analyst reports. Zacks Research downgraded Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Weiss Ratings reiterated a “buy (b)” rating on shares of Millicom International Cellular in a research note on Thursday, January 22nd. JPMorgan Chase & Co. boosted their target price on Millicom International Cellular from $55.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, November 17th. UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and upped their price target for the stock from $49.00 to $70.00 in a research note on Thursday, January 15th. Finally, Scotiabank downgraded Millicom International Cellular from a “sector perform” rating to a “sector underperform” rating and decreased their price target for the stock from $46.80 to $43.00 in a report on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.33.

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.