Liberty Latin America Ltd (NASDAQ:LILAK) Shares Acquired by Russell Investments Group Ltd.
Russell Investments Group Ltd. lifted its holdings in shares of Liberty Latin America Ltd (NASDAQ:LILAK) by 11.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 700,167 shares of the company’s stock after purchasing an additional 74,706 shares during the quarter. Russell Investments Group Ltd.’s holdings in Liberty Latin America were worth $7,217,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Quantbot Technologies LP raised its position in shares of Liberty Latin America by 115.8% in the 4th quarter. Quantbot Technologies LP now owns 6,217 shares of the company’s stock worth $120,000 after buying an additional 3,336 shares during the period. Nisa Investment Advisors LLC raised its position in shares of Liberty Latin America by 1,532.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 13,305 shares of the company’s stock worth $137,000 after buying an additional 12,490 shares during the period. Marshall Wace LLP raised its position in shares of Liberty Latin America by 238.4% in the 4th quarter. Marshall Wace LLP now owns 10,952 shares of the company’s stock worth $213,000 after buying an additional 7,716 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Liberty Latin America in the 4th quarter worth $229,000. Finally, Arizona State Retirement System purchased a new position in shares of Liberty Latin America in the 1st quarter worth $284,000. Institutional investors and hedge funds own 62.74% of the company’s stock.
Several research firms have commented on LILAK. ValuEngine raised Liberty Latin America from a “hold” rating to a “buy” rating in a research report on Saturday, February 29th. HSBC raised Liberty Latin America to a “buy” rating and set a $17.50 price objective on the stock in a research report on Thursday, March 12th. Finally, Citigroup cut their price objective on Liberty Latin America from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $17.13.
Liberty Latin America (NASDAQ:LILAK) last announced its earnings results on Tuesday, May 5th. The company reported ($0.99) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.83). The firm had revenue of $931.00 million during the quarter.
Liberty Latin America 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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