Gabelli Funds LLC lessened its stake in shares of Liberty Latin America Ltd (NASDAQ:LILA) by 0.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 215,825 shares of the company’s stock after selling 1,000 shares during the period. Gabelli Funds LLC owned about 0.12% of Liberty Latin America worth $3,684,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. California Public Employees Retirement System raised its holdings in Liberty Latin America by 7.5% during the third quarter. California Public Employees Retirement System now owns 82,355 shares of the company’s stock worth $1,406,000 after acquiring an additional 5,761 shares in the last quarter. Genesis Investment Management LLP bought a new stake in Liberty Latin America during the third quarter worth about $90,661,000. PenderFund Capital Management Ltd. raised its holdings in Liberty Latin America by 15.3% during the third 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 in the last quarter. S&CO Inc. raised its holdings in Liberty Latin America by 3.3% during the third 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 in the last quarter. Finally, Rhumbline Advisers raised its holdings in Liberty Latin America by 9.6% during the third quarter. Rhumbline Advisers now owns 70,837 shares of the company’s stock worth $1,209,000 after acquiring an additional 6,215 shares in the last quarter. Institutional investors and hedge funds own 18.91% of the company’s stock.
NASDAQ:LILA opened at $18.21 on Friday. The stock’s 50 day moving average price is $18.07 and its two-hundred day moving average price is $17.70. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of -9.15 and a beta of 1.83. Liberty Latin America Ltd has a 12-month low of $13.96 and a 12-month high of $21.90.
Several analysts recently issued reports on LILA shares. BidaskClub upgraded Liberty Latin America from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Benchmark started coverage on Liberty Latin America in a report on Thursday, July 25th. They set a “buy” rating and a $26.00 target price on the stock. ValuEngine lowered Liberty Latin America from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Zacks Investment Research upgraded Liberty Latin America from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Barclays upgraded Liberty Latin America from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $18.00 to $20.00 in a report on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Liberty Latin America currently has an average rating of “Hold” and a consensus target price of $23.75.
In other Liberty Latin America news, Director Eric Louis Zinterhofer acquired 100,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were purchased at an average price of $17.00 per share, for a total transaction of $1,700,000.00. Insiders acquired 246,407 shares of company stock worth $4,061,040 in the last 90 days. Corporate insiders own 13.82% of the company’s stock.
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.
Read More: What is the float in trading stocks?
Receive News & Ratings for Liberty Latin America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Latin America and related companies with MarketBeat.com's FREE daily email newsletter.