Hsbc Holdings PLC grew its position in Millicom International Cellular SA (NASDAQ:TIGO – Free Report) by 455.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,576 shares of the technology company’s stock after purchasing an additional 44,758 shares during the period. Hsbc Holdings PLC’s holdings in Millicom International Cellular were worth $3,038,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. William Blair Investment Management LLC lifted its position in shares of Millicom International Cellular by 15.0% during the 3rd quarter. William Blair Investment Management LLC now owns 128,350 shares of the technology company’s stock worth $6,230,000 after buying an additional 16,695 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Millicom International Cellular by 31.1% in the fourth quarter. Assetmark Inc. now owns 85,059 shares of the technology company’s stock valued at $4,716,000 after acquiring an additional 20,194 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in shares of Millicom International Cellular by 4.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 413,983 shares of the technology company’s stock valued at $22,951,000 after acquiring an additional 16,126 shares during the last quarter. Mirabella Financial Services LLP purchased a new stake in shares of Millicom International Cellular during the third quarter valued at approximately $1,539,000. Finally, Causeway Capital Management LLC bought a new stake in Millicom International Cellular during the third quarter worth $1,845,000.
Millicom International Cellular Price Performance
Shares of NASDAQ TIGO opened at $89.26 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.33. The stock has a fifty day simple moving average of $84.71 and a two-hundred day simple moving average of $71.90. Millicom International Cellular SA has a 1-year low of $36.00 and a 1-year high of $94.73. The firm has a market cap of $15.08 billion, a price-to-earnings ratio of 12.13 and a beta of 0.91.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on TIGO. Scotiabank boosted their price objective on Millicom International Cellular from $51.20 to $52.40 and gave the stock a “sector underperform” rating in a research report on Wednesday, May 27th. UBS Group cut Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 target price on the stock. in a research note on Tuesday, May 26th. JPMorgan Chase & Co. boosted 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. Weiss Ratings upgraded shares of Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Millicom International Cellular from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.28.
Check Out Our Latest Report on Millicom International Cellular
Insiders Place Their Bets
In related news, insider Salvador Escalon sold 49,288 shares of Millicom International Cellular 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 sale, the insider owned 165,344 shares of the company’s stock, valued at approximately $14,634,597.44. This trade represents a 22.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.52% of the company’s stock.
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.
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