Liberty Latin America Ltd. (NASDAQ:LILAK) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAKGet Rating) by 16.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,038 shares of the company’s stock after selling 7,633 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Liberty Latin America were worth $296,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Canyon Capital Advisors LLC raised its stake in Liberty Latin America by 21.4% during the 1st quarter. Canyon Capital Advisors LLC now owns 4,783,551 shares of the company’s stock valued at $45,874,000 after acquiring an additional 842,561 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Liberty Latin America by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,993,024 shares of the company’s stock valued at $67,065,000 after purchasing an additional 536,718 shares in the last quarter. Prudential Financial Inc. grew its holdings in Liberty Latin America by 80.1% during the 1st quarter. Prudential Financial Inc. now owns 940,556 shares of the company’s stock valued at $9,020,000 after buying an additional 418,201 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new stake in Liberty Latin America during the 2nd quarter valued at $2,265,000. Finally, DigitalBridge Group Inc. grew its holdings in Liberty Latin America by 233.1% during the 1st quarter. DigitalBridge Group Inc. now owns 383,017 shares of the company’s stock valued at $3,673,000 after buying an additional 268,017 shares during the last quarter. 59.06% of the stock is owned by institutional investors and hedge funds.

Liberty Latin America Stock Performance

NASDAQ LILAK opened at $7.71 on Tuesday. The stock has a market capitalization of $1.68 billion, a P/E ratio of -1.94 and a beta of 1.31. Liberty Latin America Ltd. has a 1 year low of $5.88 and a 1 year high of $12.55. The business’s fifty day moving average is $7.28 and its two-hundred day moving average is $7.62.

Wall Street Analyst Weigh In

Several research firms have commented on LILAK. StockNews.com assumed coverage on Liberty Latin America in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Pivotal Research decreased their price target on Liberty Latin America from $12.00 to $10.00 in a research note on Monday, October 3rd. Finally, TheStreet downgraded Liberty Latin America from a “c-” rating to a “d” rating in a research note on Wednesday, August 10th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Liberty Latin America has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Liberty Latin America Profile

(Get Rating)

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. 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.

See Also

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

Receive News & Ratings for Liberty Latin America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Latin America and related companies with MarketBeat.com's FREE daily email newsletter.