Deutsche Bank AG decreased its holdings in Liberty Latin America Ltd (NASDAQ:LILA) by 37.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 59,710 shares of the company’s stock after selling 36,327 shares during the quarter. Deutsche Bank AG’s holdings in Liberty Latin America were worth $861,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Locust Wood Capital Advisers LLC bought a new position in shares of Liberty Latin America in the fourth quarter worth about $11,606,000. Quinn Opportunity Partners LLC boosted its stake in shares of Liberty Latin America by 10.8% in the fourth quarter. Quinn Opportunity Partners LLC now owns 41,118 shares of the company’s stock worth $595,000 after acquiring an additional 4,000 shares during the period. Vanguard Group Inc. bought a new position in shares of Liberty Latin America in the third quarter worth about $58,435,000. Dimensional Fund Advisors LP bought a new position in shares of Liberty Latin America in the third quarter worth about $15,960,000. Finally, Teachers Advisors LLC bought a new position in shares of Liberty Latin America in the third quarter worth about $1,793,000. 19.82% of the stock is owned by hedge funds and other institutional investors.
NASDAQ LILA opened at $18.49 on Thursday. The stock has a market capitalization of $3.35 billion, a PE ratio of -9.29 and a beta of 1.88. Liberty Latin America Ltd has a twelve month low of $13.96 and a twelve month high of $22.33.
Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.28). The firm had revenue of $942.70 million during the quarter. On average, research analysts forecast that Liberty Latin America Ltd will post 0.57 EPS for the current year.
A number of equities analysts have recently weighed in on LILA shares. Macquarie raised Liberty Latin America from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a research note on Thursday, April 4th. Zacks Investment Research lowered Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, TheStreet raised Liberty Latin America from a “d+” rating to a “c” rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Liberty Latin America has a consensus rating of “Buy” and a consensus target price of $25.67.
In other news, SVP Christopher J. Noyes bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average cost of $17.91 per share, for a total transaction of $179,100.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Balan Nair bought 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average price of $17.83 per share, for a total transaction of $249,620.00. The disclosure for this purchase can be found here. Insiders purchased 37,150 shares of company stock worth $677,913 over the last quarter. 13.82% of the stock is owned by company insiders.
Liberty Latin America Company 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.
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