Campbell & CO Investment Adviser LLC Trims Stock Position in Millicom International Cellular SA $TIGO

Campbell & CO Investment Adviser LLC lessened its position in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 61.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,875 shares of the technology company’s stock after selling 33,439 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Millicom International Cellular were worth $782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of TIGO. USA Financial Formulas acquired a new position in shares of Millicom International Cellular in the 2nd quarter worth approximately $30,000. Caitong International Asset Management Co. Ltd purchased a new position in Millicom International Cellular in the first quarter valued at $84,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Millicom International Cellular by 65.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,284 shares of the technology company’s stock valued at $190,000 after buying an additional 2,489 shares during the period. HighTower Advisors LLC purchased a new position in Millicom International Cellular in the first quarter worth approximately $218,000. Finally, Amalgamated Bank acquired a new position in shares of Millicom International Cellular during the second quarter worth $220,000.

Millicom International Cellular Stock Performance

NASDAQ TIGO opened at $50.40 on Friday. The stock has a market cap of $8.67 billion, a price-to-earnings ratio of 8.89 and a beta of 1.11. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 1.59. The business has a fifty day moving average of $47.82 and a 200-day moving average of $42.21. Millicom International Cellular SA has a fifty-two week low of $23.61 and a fifty-two week high of $51.80.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings results on Thursday, November 6th. The technology company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.21). Millicom International Cellular had a return on equity of 10.32% and a net margin of 16.97%.The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.40 billion. The company’s revenue was down .8% compared to the same quarter last year. As a group, analysts predict that Millicom International Cellular SA will post 1.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TIGO. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Millicom International Cellular in a report on Wednesday, October 8th. UBS Group lowered Millicom International Cellular from a “buy” rating to a “neutral” rating and raised their price target for the stock from $39.50 to $49.00 in a report on Thursday, September 11th. Zacks Research lowered shares of Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 8th. Scotiabank boosted their target price on Millicom International Cellular from $46.10 to $46.80 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Finally, Wall Street Zen upgraded shares of Millicom International Cellular from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.13.

Millicom International Cellular Company 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.