Goldman Sachs Group Inc. boosted its holdings in Liberty Latin America (NASDAQ:LILA) by 94.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,840 shares of the company’s stock after purchasing an additional 29,068 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Liberty Latin America were worth $1,206,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Franklin Resources Inc. boosted its holdings in Liberty Latin America by 67.9% in the fourth quarter. Franklin Resources Inc. now owns 3,486,943 shares of the company’s stock valued at $70,262,000 after purchasing an additional 1,409,681 shares in the last quarter. Portland Investment Counsel Inc. acquired a new position in Liberty Latin America in the fourth quarter valued at approximately $1,965,000. BlueCrest Capital Management Ltd acquired a new position in Liberty Latin America in the fourth quarter valued at approximately $546,000. Triarii Capital Management LP acquired a new position in Liberty Latin America in the fourth quarter valued at approximately $1,511,000. Finally, Scotia Capital Inc. acquired a new position in Liberty Latin America in the fourth quarter valued at approximately $254,000. 22.32% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently issued reports on LILA. Morgan Stanley raised Liberty Latin America from an “underweight” rating to an “equal weight” rating in a report on Tuesday, April 3rd. Royal Bank of Canada set a $25.00 price objective on Liberty Latin America and gave the company a “hold” rating in a report on Friday, February 23rd. Macquarie reissued a “hold” rating and issued a $24.00 price objective on shares of Liberty Latin America in a report on Sunday, February 18th. Zacks Investment Research downgraded Liberty Latin America from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. Finally, ValuEngine downgraded Liberty Latin America from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Liberty Latin America currently has an average rating of “Hold” and an average target price of $25.21.
LILA stock opened at $19.81 on Friday. The company has a market capitalization of $3,456.75, a PE ratio of -48.32 and a beta of 1.56. Liberty Latin America has a twelve month low of $19.00 and a twelve month high of $27.85.
Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.42) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by ($0.29). The firm had revenue of $850.10 million during the quarter. sell-side analysts predict that Liberty Latin America will post -0.46 EPS for the current fiscal year.
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Liberty Latin America Company Profile
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.
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