Bosun Asset Management LLC Invests $432,000 in Millicom International Cellular SA $TIGO

Bosun Asset Management LLC bought a new position in shares of Millicom International Cellular SA (NASDAQ:TIGO) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 11,535 shares of the technology company’s stock, valued at approximately $432,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in Millicom International Cellular in the second quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its stake in Millicom International Cellular by 55.1% in 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 in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Millicom International Cellular during the 1st quarter worth approximately $84,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Millicom International Cellular by 65.6% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,284 shares of the technology company’s stock valued at $190,000 after purchasing an additional 2,489 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new position in shares of Millicom International Cellular in the first quarter worth $218,000.

Millicom International Cellular Stock Performance

NASDAQ TIGO opened at $50.20 on Monday. The firm has a market capitalization of $8.64 billion, a P/E ratio of 7.69 and a beta of 0.93. The stock has a 50-day simple moving average of $49.37 and a two-hundred day simple moving average of $44.34. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.91 and a current ratio of 0.93. 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 posted its earnings results on Thursday, November 6th. The technology company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.21). The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.40 billion. Millicom International Cellular had a return on equity of 10.81% and a net margin of 19.58%.The firm’s revenue for the quarter was down .8% compared to the same quarter last year. On average, equities analysts forecast that Millicom International Cellular SA will post 1.91 earnings per share for the current year.

Analyst Ratings Changes

TIGO has been the topic of a number of research analyst reports. Zacks Research raised shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. 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 report on Monday, November 17th. Scotiabank increased their price objective on Millicom International Cellular from $46.10 to $46.80 and gave the company a “sector perform” rating in a report on Friday, November 7th. Wall Street Zen raised Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. Finally, UBS Group downgraded shares of Millicom International Cellular from a “buy” rating to a “neutral” rating and increased their price target for the stock from $39.50 to $49.00 in a report on Thursday, September 11th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Millicom International Cellular currently has a consensus rating of “Moderate Buy” and an average price target of $43.47.

About Millicom International Cellular

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.