Glacier Peak Capital LLC Purchases New Holdings in Liberty Latin America Ltd Class C (LILAK)

Glacier Peak Capital LLC purchased a new stake in Liberty Latin America Ltd Class C (NASDAQ:LILAK) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 463,018 shares of the company’s stock, valued at approximately $8,839,000. Liberty Latin America Ltd Class C accounts for about 5.4% of Glacier Peak Capital LLC’s holdings, making the stock its 2nd biggest holding. Glacier Peak Capital LLC owned about 0.27% of Liberty Latin America Ltd Class C at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LILAK. Schwab Charles Investment Management Inc. raised its holdings in shares of Liberty Latin America Ltd Class C by 3.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 514,731 shares of the company’s stock worth $10,238,000 after acquiring an additional 17,630 shares during the last quarter. US Bancorp DE grew its position in shares of Liberty Latin America Ltd Class C by 13.7% in the fourth quarter. US Bancorp DE now owns 65,871 shares of the company’s stock valued at $1,310,000 after purchasing an additional 7,956 shares during the period. Teacher Retirement System of Texas grew its position in shares of Liberty Latin America Ltd Class C by 328.3% in the fourth quarter. Teacher Retirement System of Texas now owns 42,676 shares of the company’s stock valued at $849,000 after purchasing an additional 32,712 shares during the period. California Public Employees Retirement System grew its position in shares of Liberty Latin America Ltd Class C by 3.5% in the fourth quarter. California Public Employees Retirement System now owns 221,765 shares of the company’s stock valued at $4,411,000 after purchasing an additional 7,500 shares during the period. Finally, Swiss National Bank grew its position in shares of Liberty Latin America Ltd Class C by 2.2% in the fourth quarter. Swiss National Bank now owns 205,500 shares of the company’s stock valued at $4,087,000 after purchasing an additional 4,500 shares during the period. 49.69% of the stock is owned by institutional investors and hedge funds.

LILAK stock traded up $0.26 during trading on Thursday, reaching $21.74. 1,338 shares of the stock traded hands, compared to its average volume of 536,693. Liberty Latin America Ltd Class C has a 52-week low of $17.90 and a 52-week high of $27.53.

Liberty Latin America Ltd Class C (NASDAQ:LILAK) last posted its quarterly earnings results on Tuesday, May 8th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $909.90 million during the quarter.

A number of equities research analysts have recently commented on the company. Scotiabank downgraded Liberty Latin America Ltd Class C from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $34.00 to $21.00 in a research report on Thursday, February 15th. BidaskClub raised Liberty Latin America Ltd Class C from a “sell” rating to a “hold” rating in a research report on Friday, May 25th. ValuEngine raised Liberty Latin America Ltd Class C from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Goldman Sachs Group assumed coverage on Liberty Latin America Ltd Class C in a research report on Tuesday, April 3rd. They issued a “neutral” rating and a $23.00 price objective for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Liberty Latin America Ltd Class C presently has a consensus rating of “Hold” and an average price target of $24.00.

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

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