S&CO Inc. Takes $19.64 Million Position in Liberty Latin America Ltd (LILA)

S&CO Inc. acquired a new position in shares of Liberty Latin America Ltd (NASDAQ:LILA) in the third quarter, Holdings Channel reports. The fund acquired 942,606 shares of the company’s stock, valued at approximately $19,644,000. Liberty Latin America comprises about 2.2% of S&CO Inc.’s portfolio, making the stock its 16th biggest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Gabelli Funds LLC purchased a new position in Liberty Latin America in the 3rd quarter worth $6,517,000. Gamco Investors INC. ET AL purchased a new position in Liberty Latin America in the 3rd quarter worth $3,476,000. Markel Corp purchased a new position in Liberty Latin America in the 3rd quarter worth $411,000. Wells Fargo & Company MN purchased a new position in Liberty Latin America in the 3rd quarter worth $3,526,000. Finally, River Road Asset Management LLC purchased a new position in Liberty Latin America in the 3rd quarter worth $7,165,000. 22.39% of the stock is owned by institutional investors.

In other news, Director Eric Louis Zinterhofer acquired 104,303 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were purchased at an average price of $18.43 per share, for a total transaction of $1,922,304.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher J. Noyes acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The stock was purchased at an average price of $17.93 per share, for a total transaction of $358,600.00. The disclosure for this purchase can be found here. Insiders acquired 234,303 shares of company stock worth $4,276,304 in the last 90 days. Corporate insiders own 8.40% of the company’s stock.



A number of equities analysts recently commented on LILA shares. Macquarie reiterated a “hold” rating and issued a $24.00 target price on shares of Liberty Latin America in a research report on Thursday, July 19th. Buckingham Research decreased their target price on shares of Liberty Latin America from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. Zacks Investment Research upgraded shares of Liberty Latin America from a “strong sell” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Wednesday, August 22nd. Finally, ValuEngine upgraded shares of Liberty Latin America from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.25.

LILA stock opened at $19.16 on Thursday. Liberty Latin America Ltd has a 12-month low of $16.88 and a 12-month high of $24.00. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of -46.73 and a beta of 1.62.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Wednesday, August 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.20). The business had revenue of $922.10 million for the quarter. As a group, equities research analysts expect that Liberty Latin America Ltd will post -0.36 EPS for the current fiscal year.

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About Liberty Latin America

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.

Further Reading: Hedge Funds Explained

Want to see what other hedge funds are holding LILA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Latin America Ltd (NASDAQ:LILA).

Institutional Ownership by Quarter for Liberty Latin America (NASDAQ:LILA)

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