Inspire Advisors LLC Buys New Shares in Millicom International Cellular SA $TIGO

Inspire Advisors LLC bought a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,633 shares of the technology company’s stock, valued at approximately $623,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Dodge & Cox bought a new position in shares of Millicom International Cellular in the first quarter valued at $263,401,000. Price T Rowe Associates Inc. MD raised its position in shares of Millicom International Cellular by 5,033.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,578,894 shares of the technology company’s stock worth $168,874,000 after purchasing an additional 5,470,214 shares during the period. Swedbank AB acquired a new stake in shares of Millicom International Cellular during the first quarter worth $85,909,000. Boston Partners purchased a new stake in shares of Millicom International Cellular during the first quarter valued at $73,286,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Millicom International Cellular in the 1st quarter valued at $50,664,000.

Millicom International Cellular Price Performance

Shares of TIGO opened at $53.57 on Thursday. The business’s 50-day moving average is $48.30 and its 200-day moving average is $42.81. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.89 and a quick ratio of 0.87. The company has a market capitalization of $9.22 billion, a price-to-earnings ratio of 9.45 and a beta of 1.11. Millicom International Cellular SA has a fifty-two week low of $23.61 and a fifty-two week high of $56.27.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.21). The company had revenue of $1.42 billion for 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%. The firm’s revenue was down .8% compared to the same quarter last year. Equities research analysts expect that Millicom International Cellular SA will post 1.91 EPS for the current fiscal year.

Analyst Ratings Changes

TIGO has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price target on Millicom International Cellular from $55.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday. Wall Street Zen raised shares of Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 11th. Scotiabank boosted their price target on shares of Millicom International Cellular from $46.10 to $46.80 and gave the company a “sector perform” rating in a report on Friday, November 7th. UBS Group downgraded shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and upped their price target for the company from $39.50 to $49.00 in a research report on Thursday, September 11th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Millicom International Cellular in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.47.

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.