M.D. Sass Investors Services Inc. Reduces Stock Position in Millicom International Cellular SA (NASDAQ:TIGO)

M.D. Sass Investors Services Inc. lowered its holdings in shares of Millicom International Cellular SA (NASDAQ:TIGO) by 40.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,170 shares of the company’s stock after selling 17,260 shares during the quarter. M.D. Sass Investors Services Inc.’s holdings in Millicom International Cellular were worth $1,406,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Fiduciary Management Inc. WI increased its stake in Millicom International Cellular by 1.1% in the second quarter. Fiduciary Management Inc. WI now owns 2,815,500 shares of the company’s stock worth $157,288,000 after purchasing an additional 29,700 shares during the period. Gamco Investors INC. ET AL increased its stake in Millicom International Cellular by 0.9% in the 2nd quarter. Gamco Investors INC. ET AL now owns 1,263,298 shares of the company’s stock worth $70,366,000 after buying an additional 10,881 shares during the period. Gabelli Funds LLC increased its stake in Millicom International Cellular by 0.9% in the 2nd quarter. Gabelli Funds LLC now owns 104,791 shares of the company’s stock worth $5,837,000 after buying an additional 900 shares during the period. Bar Harbor Trust Services bought a new stake in Millicom International Cellular during the 1st quarter valued at about $4,553,000. Finally, FMR LLC bought a new stake in Millicom International Cellular during the 1st quarter valued at about $1,495,000. 6.91% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research cut shares of Millicom International Cellular from a “hold” rating to a “sell” rating in a research report on Saturday.

Shares of NASDAQ TIGO traded up $0.77 during trading hours on Wednesday, reaching $51.45. The stock had a trading volume of 349 shares, compared to its average volume of 16,111. Millicom International Cellular SA has a 52-week low of $48.65 and a 52-week high of $74.71. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 177.41 and a beta of 0.71. The business’s fifty day moving average price is $50.77 and its two-hundred day moving average price is $56.33. The company has a current ratio of 0.79, a quick ratio of 0.77 and a debt-to-equity ratio of 2.17.

Millicom International Cellular (NASDAQ:TIGO) last released its quarterly earnings data on Thursday, July 18th. The company reported ($0.19) EPS for the quarter. The firm had revenue of $1.05 billion for the quarter. Millicom International Cellular had a negative return on equity of 0.95% and a net margin of 0.73%. Equities research analysts anticipate that Millicom International Cellular SA will post 0.26 earnings per share for the current fiscal 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.

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Institutional Ownership by Quarter for Millicom International Cellular (NASDAQ:TIGO)

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