Royce & Associates LP Lowers Position in Liberty Latin America Ltd. (NASDAQ:LILAK)
Royce & Associates LP trimmed its position in shares of Liberty Latin America Ltd. (NASDAQ:LILAK – Get Rating) by 41.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,048 shares of the company’s stock after selling 187,800 shares during the quarter. Royce & Associates LP owned approximately 0.12% of Liberty Latin America worth $1,605,000 as of its most recent SEC filing.
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Several other large investors have also recently made changes to their positions in LILAK. US Bancorp DE increased its stake in shares of Liberty Latin America by 47,265.9% in the 1st quarter. US Bancorp DE now owns 20,841 shares of the company’s stock valued at $199,000 after purchasing an additional 20,797 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Liberty Latin America during the 1st quarter worth approximately $102,000. PNC Financial Services Group Inc. lifted its position in shares of Liberty Latin America by 3,107.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,168 shares of the company’s stock valued at $97,000 after buying an additional 9,851 shares in the last quarter. Bank of Montreal Can acquired a new stake in Liberty Latin America in the 1st quarter valued at $71,000. Finally, Dimensional Fund Advisors LP increased its holdings in Liberty Latin America by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,993,024 shares of the company’s stock worth $67,065,000 after acquiring an additional 536,718 shares in the last quarter. 56.96% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
LILAK has been the topic of several research analyst reports. Pivotal Research dropped their target price on shares of Liberty Latin America from $12.00 to $10.00 in a research report on Monday, October 3rd. StockNews.com assumed coverage on Liberty Latin America in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.00.
Liberty Latin America Trading Down 0.3 %
LILAK stock opened at $9.07 on Wednesday. The firm has a 50-day moving average of $7.89 and a two-hundred day moving average of $7.45. Liberty Latin America Ltd. has a 12 month low of $5.88 and a 12 month high of $11.66.
Liberty Latin America (NASDAQ:LILAK – Get Rating) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $0.38 EPS for the quarter. The company had revenue of $1.22 billion during the quarter.
Liberty Latin America Profile
Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. It offers communications and entertainment services, including video, broadband internet, fixed-line telephony, and mobile services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.
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