Blue Trust Inc. Has $60,000 Position in Millicom International Cellular S.A. (NASDAQ:TIGO)

Blue Trust Inc. increased its holdings in shares of Millicom International Cellular S.A. (NASDAQ:TIGO) by 159.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,223 shares of the technology company’s stock after purchasing an additional 1,367 shares during the period. Blue Trust Inc.’s holdings in Millicom International Cellular were worth $60,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in TIGO. Signaturefd LLC lifted its holdings in shares of Millicom International Cellular by 217.9% during the second quarter. Signaturefd LLC now owns 1,138 shares of the technology company’s stock worth $28,000 after buying an additional 780 shares during the last quarter. Fifth Third Bancorp bought a new stake in shares of Millicom International Cellular in the second quarter valued at about $67,000. Summit Securities Group LLC acquired a new stake in Millicom International Cellular during the second quarter worth about $98,000. SG Americas Securities LLC increased its stake in Millicom International Cellular by 13.1% during the first quarter. SG Americas Securities LLC now owns 7,925 shares of the technology company’s stock valued at $160,000 after acquiring an additional 920 shares during the period. Finally, AQR Capital Management LLC acquired a new position in Millicom International Cellular in the 2nd quarter valued at approximately $215,000.

Millicom International Cellular Trading Down 0.9 %

Shares of Millicom International Cellular stock opened at $27.56 on Friday. The stock has a market capitalization of $2.80 billion, a P/E ratio of 551.20 and a beta of 1.23. Millicom International Cellular S.A. has a 12-month low of $15.53 and a 12-month high of $28.75. The company has a quick ratio of 0.64, a current ratio of 0.66 and a debt-to-equity ratio of 1.72. The company has a 50-day simple moving average of $27.07 and a 200 day simple moving average of $24.89.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings results on Friday, August 2nd. The technology company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.05). Millicom International Cellular had a return on equity of 2.91% and a net margin of 1.83%. The business had revenue of $1.46 billion for the quarter. During the same quarter in the previous year, the business posted ($0.13) EPS. Research analysts expect that Millicom International Cellular S.A. will post 2.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on TIGO. Scotiabank upgraded Millicom International Cellular from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $30.00 to $37.30 in a research report on Friday, September 20th. JPMorgan Chase & Co. started coverage on shares of Millicom International Cellular in a report on Friday, September 6th. They issued an “overweight” rating and a $35.00 price target on the stock. Finally, UBS Group raised shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $25.00 to $33.00 in a report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.66.

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.