William Blair Investment Management LLC Invests $4.18 Million in Millicom International Cellular SA $TIGO

William Blair Investment Management LLC purchased a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO) during the second quarter, HoldingsChannel.com reports. The fund purchased 111,655 shares of the technology company’s stock, valued at approximately $4,184,000.

Other large investors have also recently made changes to their positions in the company. Boston Partners purchased a new stake in shares of Millicom International Cellular during the first quarter valued at $73,286,000. Teacher Retirement System of Texas purchased a new stake in shares of Millicom International Cellular during the first quarter valued at $1,402,000. KBC Group NV purchased a new stake in shares of Millicom International Cellular during the first quarter valued at $233,000. Militia Capital Partners LP purchased a new stake in shares of Millicom International Cellular during the first quarter valued at $908,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Millicom International Cellular during the first quarter valued at $1,648,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Millicom International Cellular from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, August 14th. UBS Group lowered shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $39.50 to $49.00 in a report on Thursday, September 11th. Wall Street Zen raised shares of Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Scotiabank upped their price target on shares of Millicom International Cellular from $37.00 to $46.10 and gave the company a “sector perform” rating in a report on Tuesday, August 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Millicom International Cellular in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Millicom International Cellular currently has a consensus rating of “Moderate Buy” and an average target price of $42.02.

Millicom International Cellular Price Performance

NASDAQ:TIGO opened at $47.16 on Tuesday. Millicom International Cellular SA has a one year low of $23.61 and a one year high of $50.78. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.87 and a current ratio of 0.89. The firm has a market cap of $8.12 billion, a price-to-earnings ratio of 8.32 and a beta of 1.11. The firm’s fifty day moving average is $47.39 and its two-hundred day moving average is $40.04.

Millicom International Cellular (NASDAQ:TIGO) last posted its quarterly earnings results on Thursday, August 7th. The technology company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.03). The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Millicom International Cellular had a net margin of 16.97% and a return on equity of 10.32%. Research analysts expect that Millicom International Cellular SA will post 1.91 EPS for the current year.

Millicom International Cellular Profile

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.