CWA Asset Management Group LLC Sells 7,533 Shares of Millicom International Cellular SA $TIGO

CWA Asset Management Group LLC trimmed its position in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 26.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,325 shares of the technology company’s stock after selling 7,533 shares during the period. CWA Asset Management Group LLC’s holdings in Millicom International Cellular were worth $1,182,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC increased its stake in shares of Millicom International Cellular by 155.4% in the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock worth $25,000 after purchasing an additional 314 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Millicom International Cellular during the 3rd quarter valued at approximately $26,000. Alpine Bank Wealth Management bought a new stake in Millicom International Cellular during the 3rd quarter valued at approximately $28,000. Ameritas Advisory Services LLC acquired a new stake in Millicom International Cellular in the 3rd quarter valued at approximately $32,000. Finally, GAMMA Investing LLC grew its holdings in Millicom International Cellular by 140.8% in the 4th quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock valued at $32,000 after buying an additional 335 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently commented on TIGO. Weiss Ratings reiterated a “buy (b)” rating on shares of Millicom International Cellular in a report on Thursday, January 22nd. UBS Group upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $49.00 to $70.00 in a research note on Thursday, January 15th. HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Friday, March 6th. Zacks Research cut shares of Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Finally, Morgan Stanley reissued a “positive” rating and issued a $55.00 price target on shares of Millicom International Cellular in a report on Thursday, February 26th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.33.

Millicom International Cellular Trading Down 2.2%

Millicom International Cellular stock opened at $71.98 on Monday. The business has a 50 day moving average price of $65.55 and a two-hundred day moving average price of $55.63. 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 SA has a 12 month low of $26.35 and a 12 month high of $75.25. The stock has a market cap of $12.39 billion, a price-to-earnings ratio of 9.17 and a beta of 0.90.

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

Millicom International Cellular Company 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.