Precision Wealth Strategies LLC Has $762,000 Holdings in Millicom International Cellular SA $TIGO

Precision Wealth Strategies LLC lessened its holdings in Millicom International Cellular SA (NASDAQ:TIGO) by 45.8% during the first quarter, HoldingsChannel.com reports. The fund owned 10,164 shares of the technology company’s stock after selling 8,580 shares during the period. Precision Wealth Strategies LLC’s holdings in Millicom International Cellular were worth $762,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. grew its holdings in shares of Millicom International Cellular by 31.1% during the 4th quarter. Assetmark Inc. now owns 85,059 shares of the technology company’s stock valued at $4,716,000 after purchasing an additional 20,194 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Millicom International Cellular by 4.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 413,983 shares of the technology company’s stock valued at $22,951,000 after purchasing an additional 16,126 shares during the last quarter. Lee Danner & Bass Inc. bought a new position in Millicom International Cellular in the 1st quarter valued at approximately $18,210,000. Fox Run Management L.L.C. acquired a new stake in Millicom International Cellular in the fourth quarter valued at approximately $871,000. Finally, Vestcor Inc boosted its position in Millicom International Cellular by 31.9% in the fourth quarter. Vestcor Inc now owns 107,009 shares of the technology company’s stock valued at $5,933,000 after buying an additional 25,880 shares in the last quarter.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TIGO. Wall Street Zen downgraded shares of Millicom International Cellular from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Scotiabank raised their price objective on Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a report on Wednesday, May 27th. Weiss Ratings raised Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. UBS Group boosted their price objective on Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Finally, Zacks Research cut Millicom International Cellular from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Millicom International Cellular has a consensus rating of “Hold” and a consensus price target of $79.28.

Millicom International Cellular Stock Up 2.9%

Shares of NASDAQ TIGO opened at $98.34 on Friday. The company has a 50 day simple moving average of $88.19 and a 200 day simple moving average of $76.11. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.62 and a quick ratio of 0.60. Millicom International Cellular SA has a 1 year low of $38.96 and a 1 year high of $100.08. The firm has a market cap of $16.62 billion, a PE ratio of 13.36 and a beta of 0.92.

Millicom International Cellular (NASDAQ:TIGO) last posted its earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Millicom International Cellular had a net margin of 19.16% and a return on equity of 16.38%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.99 billion. On average, research analysts forecast that Millicom International Cellular SA will post 1.78 EPS for the current year.

Insider Activity

In other news, insider Salvador Escalon sold 49,288 shares of Millicom International Cellular stock in a transaction on Monday, June 1st. The shares were sold at an average price of $88.51, for a total transaction of $4,362,480.88. Following the transaction, the insider owned 165,344 shares in the company, valued at approximately $14,634,597.44. The trade was a 22.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 50,140 shares of company stock worth $4,425,461 over the last ninety days. 0.52% of the stock is currently owned by company insiders.

About Millicom International Cellular

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.