Portland Investment Counsel Inc. bought a new position in shares of Liberty Latin America Ltd (NASDAQ:LILAK) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,738 shares of the company’s stock, valued at approximately $214,000.
Other large investors have also bought and sold shares of the company. Mint Tower Capital Management B.V. purchased a new stake in shares of Liberty Latin America during the 3rd quarter valued at approximately $233,000. Bronfman E.L. Rothschild L.P. increased its holdings in Liberty Latin America by 40.1% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 10,230 shares of the company’s stock worth $204,000 after acquiring an additional 2,929 shares during the period. Sheets Smith Wealth Management bought a new stake in Liberty Latin America during the 4th quarter worth approximately $207,000. Virtu Financial LLC bought a new stake in Liberty Latin America during the 4th quarter worth approximately $232,000. Finally, Reaves W H & Co. Inc. bought a new stake in Liberty Latin America during the 3rd quarter worth approximately $466,000. 52.99% of the stock is owned by institutional investors.
Liberty Latin America Ltd (LILAK) traded up $0.09 on Wednesday, hitting $21.50. 407,953 shares of the company were exchanged, compared to its average volume of 627,613. Liberty Latin America Ltd has a one year low of $19.58 and a one year high of $27.53.
LILAK has been the topic of several recent research reports. ValuEngine raised shares of Liberty Latin America from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. Pivotal Research reissued a “buy” rating and set a $30.00 price target on shares of Liberty Latin America in a research report on Monday, January 8th. BidaskClub raised shares of Liberty Latin America from a “strong sell” rating to a “sell” rating in a research report on Friday, January 26th. Finally, Scotiabank cut shares of Liberty Latin America from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $34.00 to $21.00 in a research report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Liberty Latin America presently has an average rating of “Hold” and an average price target of $24.25.
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Liberty Latin America Company Profile
LiLAC Group provides various broadband services over cable distribution systems, and mobile services in Chile and Puerto Rico. It offers triple-play services consisting of video, broadband Internet, and fixed-line telephony services in 34 communities within Santiago; and 42 communities outside Santiago, including Iquique, Antofagasta, Concepción, Viña del Mar, Valparaiso, and Rancagua, as well as smaller cities across Chile.
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