Crossmark Global Holdings Inc. Has $19.31 Million Stock Holdings in Millicom International Cellular SA $TIGO

Crossmark Global Holdings Inc. boosted its position in Millicom International Cellular SA (NASDAQ:TIGO) by 184.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 397,857 shares of the technology company’s stock after buying an additional 257,957 shares during the period. Crossmark Global Holdings Inc.’s holdings in Millicom International Cellular were worth $19,312,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its stake in Millicom International Cellular by 155.4% in the third quarter. Smartleaf Asset Management LLC now owns 516 shares of the technology company’s stock valued at $25,000 after acquiring an additional 314 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Millicom International Cellular in the 3rd quarter worth $26,000. Alpine Bank Wealth Management acquired a new stake in Millicom International Cellular in the 3rd quarter valued at $28,000. Ameritas Advisory Services LLC bought a new stake in Millicom International Cellular during the 3rd quarter valued at $32,000. Finally, CWM LLC bought a new stake in Millicom International Cellular during the 3rd quarter valued at $42,000.

Millicom International Cellular Trading Down 2.0%

NASDAQ:TIGO opened at $71.05 on Friday. Millicom International Cellular SA has a 52 week low of $26.35 and a 52 week high of $75.25. The firm has a 50-day moving average price of $61.71 and a two-hundred day moving average price of $53.64. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.86 and a current ratio of 0.88. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of 9.05 and a beta of 0.90.

Millicom International Cellular (NASDAQ:TIGO) last released its earnings results on Thursday, February 26th. The technology company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.45. The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.49 billion. Millicom International Cellular had a return on equity of 17.07% and a net margin of 22.62%.Millicom International Cellular’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. On average, equities analysts expect that Millicom International Cellular SA will post 1.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TIGO. Zacks Research lowered shares of Millicom International Cellular from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Morgan Stanley reaffirmed a “positive” rating and issued a $55.00 price target on shares of Millicom International Cellular in a research report on Thursday, February 26th. JPMorgan Chase & Co. lifted their price target on Millicom International Cellular from $55.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, November 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Millicom International Cellular in a research note on Thursday, January 22nd. Finally, UBS Group upgraded Millicom International Cellular from a “neutral” rating to a “buy” rating and raised their target price for the company from $49.00 to $70.00 in a report on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Millicom International Cellular has an average rating of “Hold” and a consensus target price of $53.40.

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.