Millicom International Cellular SA $TIGO Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC grew its holdings in Millicom International Cellular SA (NASDAQ:TIGO) by 13.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,791 shares of the technology company’s stock after buying an additional 10,417 shares during the quarter. Lazard Asset Management LLC owned 0.05% of Millicom International Cellular worth $6,654,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allworth Financial LP grew its stake in Millicom International Cellular by 1,129.7% in the 4th quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after acquiring an additional 418 shares during the period. Altshuler Shaham Ltd acquired a new position in Millicom International Cellular during the fourth quarter worth $26,000. Blue Trust Inc. lifted its holdings in Millicom International Cellular by 736.2% during the fourth quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock valued at $27,000 after purchasing an additional 427 shares in the last quarter. Spire Wealth Management purchased a new position in Millicom International Cellular during the fourth quarter valued at $29,000. Finally, GAMMA Investing LLC lifted its holdings in Millicom International Cellular by 140.8% during the fourth quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock valued at $32,000 after purchasing an additional 335 shares in the last quarter.

Insiders Place Their Bets

In other Millicom International Cellular news, insider Salvador Escalon sold 49,288 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $88.51, for a total value of $4,362,480.88. Following the transaction, the insider directly owned 165,344 shares of the company’s stock, valued at $14,634,597.44. This trade represents a 22.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 50,140 shares of company stock valued at $4,425,461. Company insiders own 0.52% of the company’s stock.

Millicom International Cellular Price Performance

Shares of NASDAQ TIGO opened at $95.17 on Friday. The firm has a 50-day simple moving average of $90.80 and a 200-day simple moving average of $78.90. The stock has a market capitalization of $16.08 billion, a price-to-earnings ratio of 12.93 and a beta of 0.92. The company has a quick ratio of 0.60, a current ratio of 0.62 and a debt-to-equity ratio of 2.33. Millicom International Cellular SA has a 52 week low of $39.01 and a 52 week high of $100.75.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, equities analysts predict that Millicom International Cellular SA will post 1.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

TIGO has been the subject of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of Millicom International Cellular from $86.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Scotiabank lifted their price objective on Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a report on Wednesday, May 27th. Wall Street Zen lowered Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. UBS Group increased their target price on Millicom International Cellular from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Finally, Zacks Research downgraded Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $79.28.

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.