New York Life Investment Management LLC trimmed its stake in Liberty Latin America Ltd. (NASDAQ:LILAK – Free Report) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,105 shares of the company’s stock after selling 6,790 shares during the period. New York Life Investment Management LLC’s holdings in Liberty Latin America were worth $352,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of Liberty Latin America by 499.4% in the 3rd quarter. Victory Capital Management Inc. now owns 93,253 shares of the company’s stock valued at $761,000 after buying an additional 77,694 shares during the period. Principal Financial Group Inc. boosted its stake in Liberty Latin America by 49.2% during the 3rd quarter. Principal Financial Group Inc. now owns 64,089 shares of the company’s stock worth $523,000 after purchasing an additional 21,133 shares during the last quarter. Olympiad Research LP purchased a new position in shares of Liberty Latin America during the 3rd quarter worth $226,000. Allspring Global Investments Holdings LLC increased its stake in Liberty Latin America by 166.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 19,321 shares of the company’s stock worth $158,000 after acquiring an additional 12,063 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC boosted its position in shares of Liberty Latin America by 48.3% during the third quarter. SeaBridge Investment Advisors LLC now owns 39,890 shares of the company’s stock worth $326,000 after buying an additional 12,990 shares during the period. 56.84% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised shares of Liberty Latin America from a “hold” rating to a “buy” rating in a report on Tuesday.
Liberty Latin America Price Performance
LILAK opened at $7.03 on Tuesday. The stock has a market cap of $1.44 billion, a P/E ratio of 8.57 and a beta of 1.20. Liberty Latin America Ltd. has a 1-year low of $6.41 and a 1-year high of $9.73. The stock’s 50 day simple moving average is $7.12 and its 200 day simple moving average is $7.58.
Liberty Latin America Company Profile
Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, Liberty Costa Rico, and VTR segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles 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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