Gabelli Funds LLC Has $5.27 Million Position in Millicom International Cellular SA (NASDAQ:TIGO)

Gabelli Funds LLC boosted its position in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 3.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,291 shares of the company’s stock after purchasing an additional 3,500 shares during the quarter. Gabelli Funds LLC owned 0.11% of Millicom International Cellular worth $5,271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Resources Investment Advisors LLC. bought a new position in Millicom International Cellular in the second quarter valued at approximately $28,000. Wells Fargo & Company MN lifted its stake in Millicom International Cellular by 195.5% in the second quarter. Wells Fargo & Company MN now owns 3,425 shares of the company’s stock valued at $191,000 after buying an additional 2,266 shares in the last quarter. Bank of America Corp DE lifted its stake in Millicom International Cellular by 717.4% in the second quarter. Bank of America Corp DE now owns 9,662 shares of the company’s stock valued at $537,000 after buying an additional 8,480 shares in the last quarter. O Brien Greene & Co. Inc bought a new position in Millicom International Cellular in the second quarter valued at approximately $613,000. Finally, Morningstar Investment Services LLC bought a new position in Millicom International Cellular in the second quarter valued at approximately $681,000. Hedge funds and other institutional investors own 6.93% of the company’s stock.

Shares of TIGO stock opened at $44.27 on Friday. The company’s fifty day simple moving average is $46.95 and its 200-day simple moving average is $52.47. The company has a quick ratio of 0.67, a current ratio of 0.69 and a debt-to-equity ratio of 2.49. The firm has a market cap of $4.50 billion, a PE ratio of 152.66 and a beta of 0.65. Millicom International Cellular SA has a 12 month low of $43.50 and a 12 month high of $74.71.

A number of brokerages have weighed in on TIGO. Zacks Investment Research lowered shares of Millicom International Cellular from a “hold” rating to a “sell” rating in a research note on Saturday, September 7th. Bank of America cut their price target on shares of Millicom International Cellular from $83.00 to $76.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Finally, HSBC raised shares of Millicom International Cellular from a “hold” rating to a “buy” rating in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $76.00.

About Millicom International Cellular

Millicom International Cellular SA provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.

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Institutional Ownership by Quarter for Millicom International Cellular (NASDAQ:TIGO)

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