Academy Capital Management Inc. TX acquired a new position in Liberty Latin America Ltd (NASDAQ:LILAK) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 249,310 shares of the company’s stock, valued at approximately $5,143,000. Liberty Latin America accounts for 1.3% of Academy Capital Management Inc. TX’s holdings, making the stock its 26th largest holding.
Other institutional investors and hedge funds also recently modified their holdings of the company. Suntrust Banks Inc. increased its stake in shares of Liberty Latin America by 15.7% during the first quarter. Suntrust Banks Inc. now owns 29,203 shares of the company’s stock valued at $556,000 after purchasing an additional 3,952 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Liberty Latin America by 5.6% during the first quarter. Guggenheim Capital LLC now owns 91,977 shares of the company’s stock valued at $1,756,000 after purchasing an additional 4,886 shares in the last quarter. WealthTrust Axiom LLC bought a new position in shares of Liberty Latin America during the third quarter valued at approximately $204,000. Bank of Montreal Can bought a new position in shares of Liberty Latin America during the second quarter valued at approximately $256,000. Finally, Public Employees Retirement Association of Colorado bought a new position in shares of Liberty Latin America during the third quarter valued at approximately $314,000. Institutional investors and hedge funds own 56.67% of the company’s stock.
LILAK has been the subject of a number of analyst reports. BidaskClub raised shares of Liberty Latin America from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 30th. Pivotal Research reaffirmed a “buy” rating and set a $27.00 target price on shares of Liberty Latin America in a research note on Monday, September 17th. ValuEngine raised shares of Liberty Latin America from a “sell” rating to a “hold” rating in a research note on Tuesday, September 18th. Finally, Citigroup reduced their price target on shares of Liberty Latin America from $29.00 to $27.00 and set a “buy” rating for the company in a research report on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.00.
Liberty Latin America (NASDAQ:LILAK) last announced its quarterly earnings results on Wednesday, August 8th. The company reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.24). The company had revenue of $922.10 million for the quarter.
About Liberty Latin America
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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