Future Fund LLC Purchases 10,201 Shares of Millicom International Cellular SA $TIGO

Future Fund LLC lifted its position in Millicom International Cellular SA (NASDAQ:TIGO) by 12.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 91,441 shares of the technology company’s stock after acquiring an additional 10,201 shares during the period. Millicom International Cellular makes up approximately 2.4% of Future Fund LLC’s holdings, making the stock its biggest holding. Future Fund LLC’s holdings in Millicom International Cellular were worth $6,853,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. raised its holdings in Millicom International Cellular by 31.1% in the fourth quarter. Assetmark Inc. now owns 85,059 shares of the technology company’s stock worth $4,716,000 after purchasing an additional 20,194 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Millicom International Cellular by 4.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 413,983 shares of the technology company’s stock valued at $22,951,000 after buying an additional 16,126 shares during the period. Mirabella Financial Services LLP acquired a new position in shares of Millicom International Cellular in the 3rd quarter valued at $1,539,000. Fox Run Management L.L.C. bought a new stake in shares of Millicom International Cellular in the 4th quarter valued at $871,000. Finally, Lee Danner & Bass Inc. bought a new stake in shares of Millicom International Cellular in the 1st quarter valued at $18,210,000.

Millicom International Cellular Stock Up 2.9%

Shares of Millicom International Cellular stock opened at $98.34 on Friday. The business’s 50 day simple moving average is $88.19 and its 200 day simple moving average is $76.11. Millicom International Cellular SA has a 52-week low of $38.96 and a 52-week high of $100.08. The firm has a market cap of $16.62 billion, a PE ratio of 13.36 and a beta of 0.92. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.60 and a current ratio of 0.62.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings results on Tuesday, May 12th. The technology company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.08. Millicom International Cellular had a return on equity of 16.38% and a net margin of 19.16%.The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.99 billion. On average, analysts predict that Millicom International Cellular SA will post 1.78 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Salvador Escalon sold 49,288 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $88.51, for a total transaction of $4,362,480.88. Following the completion of the transaction, the insider owned 165,344 shares in the company, valued at approximately $14,634,597.44. This represents a 22.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 50,140 shares of company stock worth $4,425,461 in the last ninety days. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TIGO shares. Weiss Ratings upgraded Millicom International Cellular from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, May 13th. UBS Group increased their price target on Millicom International Cellular from $90.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday. Zacks Research lowered Millicom International Cellular from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Scotiabank lifted their price objective on Millicom International Cellular from $51.20 to $52.40 and gave the company a “sector underperform” rating in a report on Wednesday, May 27th. Finally, JPMorgan Chase & Co. boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $79.28.

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.