Wealthstar Advisors LLC Sells 20,382 Shares of Millicom International Cellular SA $TIGO

Wealthstar Advisors LLC lessened its stake in Millicom International Cellular SA (NASDAQ:TIGO) by 62.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,011 shares of the technology company’s stock after selling 20,382 shares during the quarter. Wealthstar Advisors LLC’s holdings in Millicom International Cellular were worth $900,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP raised its holdings in shares of Millicom International Cellular by 1,129.7% during the fourth quarter. Allworth Financial LP now owns 455 shares of the technology company’s stock worth $25,000 after acquiring an additional 418 shares during the period. Altshuler Shaham Ltd acquired a new position in Millicom International Cellular in the 4th quarter worth $26,000. Blue Trust Inc. boosted its stake in Millicom International Cellular by 736.2% in the 4th quarter. Blue Trust Inc. now owns 485 shares of the technology company’s stock worth $27,000 after purchasing an additional 427 shares during the period. Spire Wealth Management acquired a new position in Millicom International Cellular in the 4th quarter worth $29,000. Finally, GAMMA Investing LLC increased its holdings in Millicom International Cellular by 140.8% during the 4th quarter. GAMMA Investing LLC now owns 573 shares of the technology company’s stock worth $32,000 after purchasing an additional 335 shares in the last quarter.

Insider Buying and Selling at Millicom International Cellular

In other news, insider Salvador Escalon sold 49,288 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $88.51, for a total value of $4,362,480.88. Following the completion of the transaction, the insider owned 165,344 shares in the company, valued at $14,634,597.44. This trade represents a 22.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by insiders.

Millicom International Cellular Price Performance

Millicom International Cellular stock opened at $93.76 on Friday. The company has a market cap of $15.85 billion, a P/E ratio of 12.74 and a beta of 0.92. Millicom International Cellular SA has a 1-year low of $36.59 and a 1-year high of $95.38. The company has a fifty day simple moving average of $85.67 and a 200 day simple moving average of $73.19. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.33.

Millicom International Cellular (NASDAQ:TIGO) last issued its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $1.99 billion. Research analysts anticipate that Millicom International Cellular SA will post 1.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TIGO has been the topic of several recent research reports. Weiss Ratings raised Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 13th. UBS Group cut Millicom International Cellular from a “buy” rating to a “neutral” rating and set a $90.00 price objective for the company. in a research report on Tuesday, May 26th. HSBC upgraded Millicom International Cellular from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Friday, March 6th. JPMorgan Chase & Co. lifted their target price on Millicom International Cellular from $86.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Finally, Scotiabank boosted their target price on Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.28.

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.