Morningstar Investment Services LLC bought a new position in Millicom International Cellular SA (NASDAQ:TIGO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 12,234 shares of the company’s stock, valued at approximately $681,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Fiduciary Management Inc. WI raised its stake in shares of Millicom International Cellular by 1.1% during the second quarter. Fiduciary Management Inc. WI now owns 2,815,500 shares of the company’s stock valued at $157,288,000 after acquiring an additional 29,700 shares in the last quarter. Resources Investment Advisors LLC. bought a new stake in Millicom International Cellular during the 2nd quarter valued at $28,000. Renaissance Technologies LLC purchased a new stake in shares of Millicom International Cellular in the 2nd quarter worth $858,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Millicom International Cellular by 20.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 20,195 shares of the company’s stock worth $1,125,000 after buying an additional 3,407 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Millicom International Cellular by 195.5% in the 2nd quarter. Wells Fargo & Company MN now owns 3,425 shares of the company’s stock worth $191,000 after buying an additional 2,266 shares during the period. Hedge funds and other institutional investors own 6.91% of the company’s stock.
Separately, Zacks Investment Research lowered Millicom International Cellular from a “hold” rating to a “sell” rating in a research note on Saturday.
Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings results on Thursday, July 18th. The company reported ($0.19) earnings per share (EPS) for the quarter. The company had revenue of $1.05 billion during the quarter. Millicom International Cellular had a net margin of 0.73% and a negative return on equity of 0.95%. As a group, equities analysts expect that Millicom International Cellular SA will post 0.26 earnings per share for the current year.
Millicom International Cellular Company Profile
Millicom International Cellular SA provides cable and mobile services in Latin America and Africa. The company offers mobile services, including mobile data and voice; short message service; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.
Featured Article: Float
Receive News & Ratings for Millicom International Cellular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Millicom International Cellular and related companies with MarketBeat.com's FREE daily email newsletter.