Quantinno Capital Management LP Acquires 16,748 Shares of Millicom International Cellular SA $TIGO

Quantinno Capital Management LP boosted its holdings in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 78.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,205 shares of the technology company’s stock after acquiring an additional 16,748 shares during the quarter. Quantinno Capital Management LP’s holdings in Millicom International Cellular were worth $2,863,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP lifted its holdings in Millicom International Cellular by 1,129.7% during the 4th quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock valued at $25,000 after buying an additional 418 shares in the last quarter. Altshuler Shaham Ltd bought a new position in Millicom International Cellular in the fourth quarter worth approximately $26,000. Blue Trust Inc. grew its stake in Millicom International Cellular by 736.2% in the fourth quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock worth $27,000 after purchasing an additional 427 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Millicom International Cellular by 55.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,413 shares of the technology company’s stock worth $53,000 after purchasing an additional 502 shares during the period. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Millicom International Cellular during the fourth quarter valued at $61,000.

More Millicom International Cellular News

Here are the key news stories impacting Millicom International Cellular this week:

• Positive Sentiment: Second-quarter revenue rose 59.4% year over year to $2.18 billion, exceeding analysts’ $2.13 billion estimate. The sharp increase reflects the contribution of Millicom’s Latin American acquisitions and expanding operations. Millicom quarterly earnings report
• Positive Sentiment: Millicom raised its 2026 equity free cash flow target and lowered its expected year-end leverage, signaling improved cash generation and balance-sheet progress. Millicom raises guidance and declares dividend
• Positive Sentiment: The company declared a $1.50-per-share interim dividend, providing a direct shareholder-return catalyst and reinforcing management’s confidence in cash flow. Millicom interim dividend announcement
• Neutral Sentiment: Quarterly EPS was $0.64, beating the Zacks consensus estimate of $0.54, although estimates cited by other sources were higher. The results therefore present a mixed earnings-surprise picture. Millicom Q2 earnings estimates
• Negative Sentiment: EPS declined from $1.14 in the year-ago quarter to $0.64, and one analyst consensus cited by MarketBeat was $0.71. The lower profitability may be weighing on investors despite the strong acquisition-driven revenue growth. Millicom earnings data

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings raised Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 13th. Scotiabank upped their price objective on Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. raised their price objective on Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Finally, UBS Group boosted their target price on shares of Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. 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 issued a Sell rating to the stock. According to data from MarketBeat, Millicom International Cellular currently has a consensus rating of “Hold” and an average price target of $79.28.

Millicom International Cellular Stock Performance

Shares of TIGO opened at $97.14 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 3.07. The firm has a market cap of $16.42 billion, a PE ratio of 24.53 and a beta of 0.91. Millicom International Cellular SA has a 12 month low of $42.00 and a 12 month high of $107.13. The stock has a fifty day moving average price of $92.15 and a 200-day moving average price of $80.64.

Millicom International Cellular (NASDAQ:TIGO) last announced its earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.08. Millicom International Cellular had a return on equity of 18.39% and a net margin of 9.19%.The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. Equities research analysts predict that Millicom International Cellular SA will post 1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Salvador Escalon sold 49,288 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $88.51, for a total transaction of $4,362,480.88. Following the sale, the insider owned 165,344 shares in the company, valued at approximately $14,634,597.44. The trade was a 22.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 50,140 shares of company stock valued at $4,425,461 over the last three months.

Millicom International Cellular 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.