Millicom International Cellular SA $TIGO Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its stake in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 32.7% during the first quarter, Holdings Channel.com reports. The institutional investor owned 18,275 shares of the technology company’s stock after selling 8,877 shares during the quarter. Sanctuary Advisors LLC’s holdings in Millicom International Cellular were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. EWA LLC raised its stake in Millicom International Cellular by 2.5% in the 4th quarter. EWA LLC now owns 7,025 shares of the technology company’s stock worth $389,000 after acquiring an additional 169 shares during the last quarter. Vident Advisory LLC grew its stake in Millicom International Cellular by 2.3% during the 4th quarter. Vident Advisory LLC now owns 11,455 shares of the technology company’s stock valued at $635,000 after purchasing an additional 254 shares during the last quarter. GAMMA Investing LLC grew its stake in Millicom International Cellular by 140.8% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock valued at $32,000 after purchasing an additional 335 shares during the last quarter. KBC Group NV increased its holdings in shares of Millicom International Cellular by 0.9% in the fourth quarter. KBC Group NV now owns 44,587 shares of the technology company’s stock valued at $2,472,000 after purchasing an additional 378 shares during the period. Finally, Archford Capital Strategies LLC increased its holdings in shares of Millicom International Cellular by 8.5% in the fourth quarter. Archford Capital Strategies LLC now owns 5,076 shares of the technology company’s stock valued at $281,000 after purchasing an additional 398 shares during the period.

Millicom International Cellular Stock Down 1.6%

TIGO opened at $96.25 on Friday. The company has a fifty day moving average of $89.54 and a two-hundred day moving average of $77.44. The stock has a market capitalization of $16.27 billion, a price-to-earnings ratio of 13.08 and a beta of 0.92. Millicom International Cellular SA has a fifty-two week low of $39.01 and a fifty-two week high of $100.75. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.60 and a current ratio of 0.62.

Millicom International Cellular (NASDAQ:TIGO) last posted its earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, research analysts expect that Millicom International Cellular SA will post 1.78 earnings per share for the current year.

Wall Street Analyst Weigh In

TIGO has been the subject of a number of research reports. Weiss Ratings raised Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. JPMorgan Chase & Co. increased their price target on shares of Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, May 20th. UBS Group raised their price target on shares of Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Zacks Research cut shares of Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research note on Monday, July 13th. Finally, Wall Street Zen downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $79.28.

Insiders Place Their Bets

In related news, insider Salvador Escalon sold 49,288 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was 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 owned 165,344 shares of the company’s stock, valued at approximately $14,634,597.44. This represents a 22.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 50,140 shares of company stock valued at $4,425,461. Corporate insiders own 0.52% of the company’s stock.

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.