Gamco Investors INC. ET AL decreased its stake in Liberty Latin America Ltd (NASDAQ:LILA) by 16.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 124,973 shares of the company’s stock after selling 25,007 shares during the quarter. Gamco Investors INC. ET AL owned about 0.07% of Liberty Latin America worth $2,133,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. California Public Employees Retirement System boosted its holdings in shares of Liberty Latin America by 7.5% in the 3rd quarter. California Public Employees Retirement System now owns 82,355 shares of the company’s stock worth $1,406,000 after purchasing an additional 5,761 shares during the period. Genesis Investment Management LLP bought a new stake in shares of Liberty Latin America during the 3rd quarter worth approximately $90,661,000. PenderFund Capital Management Ltd. lifted its stake in shares of Liberty Latin America by 15.3% during the 3rd quarter. PenderFund Capital Management Ltd. now owns 340,647 shares of the company’s stock worth $6,408,000 after acquiring an additional 45,100 shares during the last quarter. S&CO Inc. lifted its stake in shares of Liberty Latin America by 3.3% during the 3rd quarter. S&CO Inc. now owns 1,142,574 shares of the company’s stock worth $19,504,000 after acquiring an additional 36,855 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Liberty Latin America by 9.6% during the 3rd quarter. Rhumbline Advisers now owns 70,837 shares of the company’s stock worth $1,209,000 after acquiring an additional 6,215 shares during the last quarter. Hedge funds and other institutional investors own 18.91% of the company’s stock.
Shares of LILA stock traded down $0.28 on Friday, reaching $18.21. 172,500 shares of the company’s stock were exchanged, compared to its average volume of 272,788. The company’s fifty day simple moving average is $18.07 and its 200 day simple moving average is $17.70. The stock has a market capitalization of $3.54 billion, a PE ratio of -9.15 and a beta of 1.83. Liberty Latin America Ltd has a 52 week low of $13.96 and a 52 week high of $21.90.
Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.19 earnings per share for the quarter. The firm had revenue of $966.80 million for the quarter.
A number of equities research analysts recently issued reports on the company. Benchmark assumed coverage on Liberty Latin America in a research note on Thursday, July 25th. They set a “buy” rating and a $26.00 price target for the company. BidaskClub raised Liberty Latin America from a “sell” rating to a “hold” rating in a research note on Thursday, September 12th. TheStreet raised Liberty Latin America from a “d+” rating to a “c” rating in a research note on Wednesday. ValuEngine lowered Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Zacks Investment Research raised Liberty Latin America from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Liberty Latin America has a consensus rating of “Hold” and a consensus price target of $23.75.
In other news, Director Eric Louis Zinterhofer purchased 65,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were acquired at an average price of $16.26 per share, for a total transaction of $1,056,900.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have acquired 246,407 shares of company stock worth $4,061,040. Company insiders own 13.82% of the company’s stock.
About Liberty Latin America
Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. 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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