Militia Capital Management LLC Makes New $4.72 Million Investment in Millicom International Cellular SA $TIGO

Posted by Geri Gentry on Jul 23rd, 2026

Militia Capital Management LLC acquired a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 63,000 shares of the technology company’s stock, valued at approximately $4,721,000. Millicom International Cellular comprises about 1.0% of Militia Capital Management LLC’s investment portfolio, making the stock its 12th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in Millicom International Cellular by 3.9% in the fourth quarter. JPMorgan Chase & Co. now owns 6,713,607 shares of the technology company’s stock valued at $372,202,000 after purchasing an additional 253,891 shares during the last quarter. State Street Corp boosted its stake in Millicom International Cellular by 14.9% in the 4th quarter. State Street Corp now owns 2,279,268 shares of the technology company’s stock worth $126,364,000 after buying an additional 296,319 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Millicom International Cellular in the 1st quarter worth about $50,664,000. Boston Partners grew its holdings in Millicom International Cellular by 2.7% in the 4th quarter. Boston Partners now owns 1,603,730 shares of the technology company’s stock valued at $88,911,000 after buying an additional 41,765 shares during the period. Finally, Northern Trust Corp grew its holdings in Millicom International Cellular by 128.2% in the 3rd quarter. Northern Trust Corp now owns 1,271,086 shares of the technology company’s stock valued at $61,699,000 after buying an additional 714,158 shares during the period.

Insider Activity

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

Analyst Upgrades and Downgrades

TIGO has been the topic of several recent analyst reports. UBS Group increased their price objective 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. Wall Street Zen lowered shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Scotiabank increased their price target on shares of 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. lifted their price target on shares of Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Finally, 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. One 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $79.28.

Check Out Our Latest Research Report on TIGO

Millicom International Cellular Stock Performance

NASDAQ TIGO opened at $97.86 on Thursday. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. Millicom International Cellular SA has a 1-year low of $39.01 and a 1-year high of $100.75. The firm has a market capitalization of $16.54 billion, a P/E ratio of 13.30 and a beta of 0.92. The business’s 50-day simple moving average is $89.25 and its 200-day simple moving average is $77.16.

Millicom International Cellular (NASDAQ:TIGO – Get Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, beating 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 firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. Equities analysts predict that Millicom International Cellular SA will post 1.78 EPS for the current year.

Millicom International Cellular Profile

(Free Report)

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.