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.
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.
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