Gabelli Funds LLC Takes $14.48 Million Position in Liberty Latin America Ltd (LILAK)

Gabelli Funds LLC purchased a new position in Liberty Latin America Ltd (NASDAQ:LILAK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 701,923 shares of the company’s stock, valued at approximately $14,481,000. Gabelli Funds LLC owned 0.41% of Liberty Latin America at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. River Road Asset Management LLC purchased a new stake in shares of Liberty Latin America in the third quarter worth $52,605,000. Russell Investments Group Ltd. purchased a new stake in shares of Liberty Latin America in the third quarter worth $10,783,000. Dimensional Fund Advisors LP increased its stake in shares of Liberty Latin America by 720.8% in the first quarter. Dimensional Fund Advisors LP now owns 432,712 shares of the company’s stock worth $8,260,000 after purchasing an additional 379,995 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in shares of Liberty Latin America in the third quarter worth $6,053,000. Finally, Academy Capital Management Inc. TX purchased a new stake in shares of Liberty Latin America in the third quarter worth $5,143,000. Institutional investors and hedge funds own 56.66% of the company’s stock.

Several equities analysts recently weighed in on LILAK shares. BidaskClub cut shares of Liberty Latin America from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 18th. Pivotal Research reaffirmed a “buy” rating and set a $27.00 target price on shares of Liberty Latin America in a research note on Monday, September 17th. ValuEngine raised shares of Liberty Latin America from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Finally, Citigroup cut their target price on shares of Liberty Latin America from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, August 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Liberty Latin America currently has an average rating of “Hold” and an average target price of $24.00.

LILAK opened at $19.33 on Friday. Liberty Latin America Ltd has a fifty-two week low of $16.75 and a fifty-two week high of $23.92.

Liberty Latin America (NASDAQ:LILAK) last posted its earnings results on Wednesday, August 8th. The company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.24). The company had revenue of $922.10 million for the quarter.

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Liberty Latin America Profile

Liberty Latin America Ltd. provides various telecommunications services. Its services primarily include video, broadband Internet, fixed-line telephony, and mobile services. The company offers communications and entertainment 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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Institutional Ownership by Quarter for Liberty Latin America (NASDAQ:LILAK)

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