Putnam Investments LLC Has $1.20 Million Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

Putnam Investments LLC lessened its stake in Liberty Latin America Ltd. (NASDAQ:LILAK – Get Rating) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,644 shares of the company’s stock after selling 3,571 shares during the quarter. Putnam Investments LLC’s holdings in Liberty Latin America were worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors boosted its stake in shares of Liberty Latin America by 94.8% in the 1st quarter. Captrust Financial Advisors now owns 4,388 shares of the company’s stock valued at $42,000 after purchasing an additional 2,135 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Liberty Latin America in the 1st quarter valued at about $71,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in shares of Liberty Latin America in the 2nd quarter valued at about $58,000. Point72 Hong Kong Ltd bought a new position in shares of Liberty Latin America in the 1st quarter valued at about $80,000. Finally, Shay Capital LLC bought a new position in shares of Liberty Latin America in the 1st quarter valued at about $96,000. Institutional investors and hedge funds own 56.96% of the company’s stock.

Liberty Latin America Price Performance

Liberty Latin America stock opened at $8.01 on Tuesday. The company’s 50 day simple moving average is $8.99 and its 200 day simple moving average is $7.88. Liberty Latin America Ltd. has a fifty-two week low of $5.88 and a fifty-two week high of $11.32. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -10.40 and a beta of 1.33.

Liberty Latin America (NASDAQ:LILAK – Get Rating) last released its quarterly earnings data on Wednesday, February 22nd. The company reported $0.59 earnings per share for the quarter. The firm had revenue of $1.16 billion for the quarter.

Analysts Set New Price Targets

Separately, TheStreet raised shares of Liberty Latin America from a “d” rating to a “c-” rating in a research note on Wednesday, March 1st.

Liberty Latin America Profile

(Get Rating)

Liberty Latin America Ltd. is a holding company, which engages in the provision of fixed, mobile, and subsea telecommunications services. It operates through the following segments: C and W Carribean, C and W Panama, Cand W Networks and LatAm, Liberty Puerto Rico, Liberty Costa Rica, and VTR. The company was founded in 2010 and is headquartered in Denver, CO.