Nisa Investment Advisors LLC Acquires Shares of 82,616 Millicom International Cellular SA $TIGO

Nisa Investment Advisors LLC bought a new position in Millicom International Cellular SA (NASDAQ:TIGO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 82,616 shares of the technology company’s stock, valued at approximately $4,010,000.

Other hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new stake in Millicom International Cellular during the 3rd quarter valued at $26,000. Alpine Bank Wealth Management bought a new position in shares of Millicom International Cellular during the third quarter valued at about $28,000. USA Financial Formulas purchased a new stake in shares of Millicom International Cellular during the second quarter worth about $30,000. CWM LLC bought a new stake in shares of Millicom International Cellular in the third quarter worth about $42,000. Finally, Farther Finance Advisors LLC increased its holdings in Millicom International Cellular by 332.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,025 shares of the technology company’s stock valued at $50,000 after purchasing an additional 788 shares during the period.

Millicom International Cellular Stock Performance

Shares of NASDAQ TIGO opened at $50.15 on Monday. The firm’s 50-day moving average price is $52.34 and its 200-day moving average price is $47.28. Millicom International Cellular SA has a 52-week low of $23.61 and a 52-week high of $57.64. The company has a market cap of $8.63 billion, a PE ratio of 7.68 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 0.93 and a debt-to-equity ratio of 1.76.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.21). Millicom International Cellular had a net margin of 19.58% and a return on equity of 10.81%. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.40 billion. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, analysts anticipate that Millicom International Cellular SA will post 1.91 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased their price objective on Millicom International Cellular from $55.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Wall Street Zen raised Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Millicom International Cellular in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Millicom International Cellular from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. Finally, Scotiabank lifted their price target on Millicom International Cellular from $46.10 to $46.80 and gave the company a “sector perform” rating in a research report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.47.

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.