Price T Rowe Associates Inc. MD Trims Position in Liberty Latin America Ltd (NASDAQ:LILA)

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Price T Rowe Associates Inc. MD trimmed its holdings in Liberty Latin America Ltd (NASDAQ:LILA) by 21.2% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 82,279 shares of the company’s stock after selling 22,126 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Liberty Latin America were worth $1,418,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LILA. Dynamic Technology Lab Private Ltd purchased a new position in Liberty Latin America during the first quarter worth about $350,000. Marshall Wace North America L.P. increased its holdings in Liberty Latin America by 49.7% in the first quarter. Marshall Wace North America L.P. now owns 89,599 shares of the company’s stock valued at $1,732,000 after buying an additional 29,757 shares in the last quarter. Ingalls & Snyder LLC increased its holdings in Liberty Latin America by 3.4% in the second quarter. Ingalls & Snyder LLC now owns 695,497 shares of the company’s stock valued at $11,983,000 after buying an additional 22,684 shares in the last quarter. S&CO Inc. increased its holdings in Liberty Latin America by 4.6% in the second quarter. S&CO Inc. now owns 1,105,719 shares of the company’s stock valued at $19,052,000 after buying an additional 48,255 shares in the last quarter. Finally, Virginia Retirement Systems ET AL purchased a new position in Liberty Latin America in the second quarter valued at about $722,000. 18.88% of the stock is owned by institutional investors and hedge funds.

In other news, insider Balan Nair bought 15,060 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were purchased at an average price of $16.60 per share, for a total transaction of $249,996.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric Louis Zinterhofer bought 81,407 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were purchased at an average price of $16.02 per share, for a total transaction of $1,304,140.14. The disclosure for this purchase can be found here. Insiders bought 261,467 shares of company stock worth $4,311,036 over the last quarter. Company insiders own 13.82% of the company’s stock.

LILA has been the subject of a number of research analyst reports. ValuEngine cut shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Zacks Investment Research raised shares of Liberty Latin America from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Benchmark initiated coverage on shares of Liberty Latin America in a report on Thursday, July 25th. They issued a “buy” rating and a $26.00 target price for the company. BidaskClub raised shares of Liberty Latin America from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. Finally, TheStreet cut shares of Liberty Latin America from a “c” rating to a “d+” rating in a report on Tuesday, August 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $25.00.

LILA stock opened at $17.78 on Friday. The company’s 50 day simple moving average is $17.10 and its 200-day simple moving average is $17.94. The firm has a market capitalization of $3.12 billion, a PE ratio of -8.93 and a beta of 1.81. Liberty Latin America Ltd has a 12 month low of $13.96 and a 12 month high of $21.90.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.64) EPS for the quarter. The firm had revenue of $982.90 million for the quarter.

About Liberty Latin America

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

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