ACR Alpine Capital Research LLC purchased a new position in shares of Liberty Latin America (NASDAQ:LILAK) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 407,606 shares of the company’s stock, valued at approximately $7,781,000. Liberty Latin America makes up approximately 0.4% of ACR Alpine Capital Research LLC’s portfolio, making the stock its 15th biggest position. ACR Alpine Capital Research LLC owned 0.24% of Liberty Latin America at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the company. Genesis Asset Managers LLP raised its position in shares of Liberty Latin America by 6.0% during the 4th quarter. Genesis Asset Managers LLP now owns 9,108,900 shares of the company’s stock worth $181,176,000 after purchasing an additional 512,200 shares during the last quarter. Two Creeks Capital Management LP raised its holdings in Liberty Latin America by 4.5% in the 4th quarter. Two Creeks Capital Management LP now owns 2,606,169 shares of the company’s stock valued at $51,837,000 after acquiring an additional 111,648 shares during the last quarter. BlackRock Inc. raised its holdings in Liberty Latin America by 1.2% in the 4th quarter. BlackRock Inc. now owns 2,193,600 shares of the company’s stock valued at $43,631,000 after acquiring an additional 26,392 shares during the last quarter. Fine Capital Partners L.P. raised its holdings in Liberty Latin America by 731.1% in the 4th quarter. Fine Capital Partners L.P. now owns 2,119,400 shares of the company’s stock valued at $42,155,000 after acquiring an additional 1,864,400 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in Liberty Latin America in the 4th quarter valued at $31,197,000. 52.15% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on the company. BidaskClub upgraded Liberty Latin America from a “strong sell” rating to a “sell” rating in a report on Friday, January 26th. Scotiabank downgraded Liberty Latin America from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $34.00 to $21.00 in a report on Thursday, February 15th. ValuEngine downgraded Liberty Latin America from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Goldman Sachs assumed coverage on Liberty Latin America in a report on Tuesday, April 3rd. They issued a “neutral” rating and a $23.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.00.
Liberty Latin America (NASDAQ:LILAK) last released its quarterly earnings data on Tuesday, May 8th. The company reported ($0.26) EPS for the quarter. The firm had revenue of $909.90 million during the quarter.
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.
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