Eagle Asset Management Inc. Purchases Shares of 706,626 Liberty Latin America (LILAK)

Eagle Asset Management Inc. bought a new position in shares of Liberty Latin America (NASDAQ:LILAK) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 706,626 shares of the company’s stock, valued at approximately $13,489,000. Eagle Asset Management Inc. owned approximately 0.41% of Liberty Latin America as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the stock. Neuberger Berman Group LLC grew its position in Liberty Latin America by 4.3% during the first quarter. Neuberger Berman Group LLC now owns 61,014 shares of the company’s stock worth $1,165,000 after buying an additional 2,514 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of Liberty Latin America by 40.1% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 10,230 shares of the company’s stock worth $204,000 after purchasing an additional 2,929 shares in the last quarter. Wayne Hummer Investments L.L.C. boosted its holdings in shares of Liberty Latin America by 11.0% in the 1st quarter. Wayne Hummer Investments L.L.C. now owns 32,690 shares of the company’s stock worth $624,000 after purchasing an additional 3,250 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Liberty Latin America by 2.2% in the 4th quarter. Swiss National Bank now owns 205,500 shares of the company’s stock worth $4,087,000 after purchasing an additional 4,500 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Liberty Latin America by 3.5% in the 4th quarter. California Public Employees Retirement System now owns 221,765 shares of the company’s stock worth $4,411,000 after purchasing an additional 7,500 shares in the last quarter. Institutional investors and hedge funds own 48.49% of the company’s stock.

Liberty Latin America opened at $22.23 on Thursday, according to MarketBeat Ratings. Liberty Latin America has a 12-month low of $17.90 and a 12-month high of $27.53.

Liberty Latin America (NASDAQ:LILAK) last released its earnings results on Tuesday, May 8th. The company reported ($0.26) earnings per share for the quarter. The firm had revenue of $909.90 million during the quarter.

LILAK has been the subject of a number of research reports. BidaskClub cut Liberty Latin America from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 1st. Scotiabank cut Liberty Latin America from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $34.00 to $21.00 in a report on Thursday, February 15th. ValuEngine cut Liberty Latin America from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Goldman Sachs Group initiated coverage on Liberty Latin America in a report on Tuesday, April 3rd. They issued a “neutral” rating and a $23.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Liberty Latin America has an average rating of “Hold” and an average target price of $24.00.

Liberty Latin America 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.

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

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