LWM Advisory Services LLC Boosts Position in Millicom International Cellular S.A. (NASDAQ:TIGO)

LWM Advisory Services LLC lifted its stake in shares of Millicom International Cellular S.A. (NASDAQ:TIGO) by 152.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,422 shares of the technology company’s stock after acquiring an additional 17,779 shares during the period. LWM Advisory Services LLC’s holdings in Millicom International Cellular were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. LB Partners LLC purchased a new stake in Millicom International Cellular in the 4th quarter valued at about $9,000,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Millicom International Cellular during the third quarter worth about $627,000. Morningstar Investment Services LLC lifted its position in shares of Millicom International Cellular by 2.6% during the third quarter. Morningstar Investment Services LLC now owns 119,943 shares of the technology company’s stock worth $1,847,000 after purchasing an additional 2,991 shares in the last quarter. Operose Advisors LLC acquired a new stake in shares of Millicom International Cellular during the third quarter worth about $29,000. Finally, Optiver Holding B.V. acquired a new stake in shares of Millicom International Cellular during the third quarter worth about $277,000.

Wall Street Analyst Weigh In

TIGO has been the topic of several research reports. JPMorgan Chase & Co. raised shares of Millicom International Cellular from a “neutral” rating to an “overweight” rating in a research report on Thursday, March 28th. HSBC increased their price target on shares of Millicom International Cellular from $22.50 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Scotiabank upped their target price on shares of Millicom International Cellular from $18.00 to $26.10 and gave the stock a “sector outperform” rating in a research note on Wednesday, February 28th. Morgan Stanley upgraded shares of Millicom International Cellular from an “equal weight” rating to an “overweight” rating in a research note on Friday, January 5th. Finally, New Street Research upgraded shares of Millicom International Cellular from a “neutral” rating to a “buy” rating and upped their target price for the stock from $20.00 to $24.00 in a research note on Thursday, February 29th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Millicom International Cellular currently has a consensus rating of “Moderate Buy” and an average target price of $24.70.

Millicom International Cellular Stock Performance

Shares of TIGO stock traded up $0.35 during trading hours on Monday, reaching $20.50. 102,463 shares of the stock were exchanged, compared to its average volume of 80,839. The business’s fifty day moving average is $19.01 and its two-hundred day moving average is $17.60. The company has a quick ratio of 0.80, a current ratio of 0.82 and a debt-to-equity ratio of 1.88. Millicom International Cellular S.A. has a 12-month low of $14.46 and a 12-month high of $20.81.

Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings results on Tuesday, February 27th. The technology company reported ($0.36) EPS for the quarter. The company had revenue of $1.48 billion during the quarter. Millicom International Cellular had a negative net margin of 1.45% and a negative return on equity of 2.41%.

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.