Franklin Resources Inc. Takes $31.20 Million Position in Liberty Latin America Ltd (NASDAQ:LILAK)

Franklin Resources Inc. purchased a new stake in Liberty Latin America Ltd (NASDAQ:LILAK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,568,443 shares of the company’s stock, valued at approximately $31,197,000. Franklin Resources Inc. owned approximately 0.92% of Liberty Latin America as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. BNP Paribas Arbitrage SA lifted its holdings in Liberty Latin America by 100.2% in the third quarter. BNP Paribas Arbitrage SA now owns 121,053 shares of the company’s stock valued at $2,821,000 after acquiring an additional 60,593 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in Liberty Latin America by 24.1% in the third quarter. New York State Common Retirement Fund now owns 134,695 shares of the company’s stock valued at $3,138,000 after acquiring an additional 26,200 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Liberty Latin America by 2.0% in the third quarter. Russell Investments Group Ltd. now owns 243,282 shares of the company’s stock valued at $5,669,000 after acquiring an additional 4,853 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Liberty Latin America by 364.5% in the third quarter. Ameriprise Financial Inc. now owns 226,271 shares of the company’s stock valued at $5,271,000 after acquiring an additional 177,557 shares during the last quarter. Finally, ARGA Investment Management LP lifted its stake in Liberty Latin America by 68.8% during the third quarter. ARGA Investment Management LP now owns 89,300 shares of the company’s stock worth $2,081,000 after purchasing an additional 36,400 shares in the last quarter. Institutional investors own 52.98% of the company’s stock.

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Shares of LILAK traded down $0.33 during mid-day trading on Thursday, hitting $18.91. 555,765 shares of the company’s stock were exchanged, compared to its average volume of 565,081. Liberty Latin America Ltd has a fifty-two week low of $18.65 and a fifty-two week high of $27.53.

Several analysts have recently issued reports on the company. Scotiabank cut Liberty Latin America from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $34.00 to $21.00 in a research note on Thursday, February 15th. BidaskClub raised Liberty Latin America from a “strong sell” rating to a “sell” rating in a report on Friday, January 26th. ValuEngine lowered Liberty Latin America from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Goldman Sachs started coverage on Liberty Latin America in a report on Tuesday, April 3rd. They set a “neutral” rating and a $23.00 price objective on the stock. Finally, Pivotal Research reaffirmed a “buy” rating and set a $30.00 price objective on shares of Liberty Latin America in a report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Liberty Latin America currently has an average rating of “Hold” and a consensus price target of $24.00.

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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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