Aperio Group LLC lessened its stake in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 8.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,620 shares of the company’s stock after selling 419 shares during the period. Aperio Group LLC’s holdings in Millicom International Cellular were worth $257,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in TIGO. FMR LLC acquired a new stake in Millicom International Cellular during the 1st quarter valued at $1,495,000. Bar Harbor Trust Services acquired a new position in Millicom International Cellular during the first quarter worth $4,553,000. Finally, Gabelli Funds LLC acquired a new position in Millicom International Cellular during the first quarter worth $6,320,000. Institutional investors own 6.91% of the company’s stock.
Shares of Millicom International Cellular stock traded down $0.42 during midday trading on Friday, reaching $51.70. The company had a trading volume of 3,483 shares, compared to its average volume of 15,562. Millicom International Cellular SA has a 1-year low of $48.65 and a 1-year high of $74.71. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 178.28 and a beta of 0.71. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 2.17. The stock has a fifty day simple moving average of $50.74 and a 200 day simple moving average of $56.27.
Millicom International Cellular (NASDAQ:TIGO) last announced its quarterly earnings data on Thursday, July 18th. The company reported ($0.19) earnings per share (EPS) for the quarter. The business 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%. Sell-side analysts expect that Millicom International Cellular SA will post 0.26 earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of Millicom International Cellular from a “hold” rating to a “sell” rating in a research report on Saturday, September 7th.
Millicom International Cellular 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.
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