Strs Ohio purchased a new stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 11,000 shares of the company’s stock, valued at approximately $89,000.
Other hedge funds have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its position in shares of Liberty Latin America by 2,335.9% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 2,850 shares of the company’s stock valued at $27,000 after acquiring an additional 2,733 shares in the last quarter. Bluefin Capital Management LLC acquired a new stake in Liberty Latin America in the third quarter worth $98,000. Colony Group LLC acquired a new stake in Liberty Latin America in the third quarter worth $98,000. Amalgamated Bank acquired a new stake in Liberty Latin America in the third quarter worth $109,000. Finally, Weld Capital Management LLC acquired a new stake in Liberty Latin America in the third quarter worth $110,000. 59.46% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have weighed in on LILAK. Scotiabank raised Liberty Latin America from a “sector underperform” rating to a “sector perform” rating in a research report on Monday, September 28th. The Goldman Sachs Group raised Liberty Latin America from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Friday, October 9th. Finally, Pivotal Research increased their price target on Liberty Latin America from $13.50 to $16.00 and gave the stock a “buy” rating in a research note on Friday, December 4th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $15.13.
Liberty Latin America (NASDAQ:LILAK) last announced its earnings results on Monday, November 9th. The company reported ($0.46) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.39). The company had revenue of $887.50 million during the quarter.
Liberty Latin America Profile
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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