Gabelli Funds LLC Takes $14.48 Million Position in Liberty Latin America Ltd (LILAK)
Gabelli Funds LLC purchased a new position in Liberty Latin America Ltd (NASDAQ:LILAK) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 701,923 shares of the company’s stock, valued at approximately $14,481,000. Gabelli Funds LLC owned 0.41% of Liberty Latin America at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. River Road Asset Management LLC purchased a new stake in shares of Liberty Latin America in the third quarter worth $52,605,000. Russell Investments Group Ltd. purchased a new stake in shares of Liberty Latin America in the third quarter worth $10,783,000. Dimensional Fund Advisors LP increased its stake in shares of Liberty Latin America by 720.8% in the first quarter. Dimensional Fund Advisors LP now owns 432,712 shares of the company’s stock worth $8,260,000 after purchasing an additional 379,995 shares in the last quarter. Gamco Investors INC. ET AL purchased a new stake in shares of Liberty Latin America in the third quarter worth $6,053,000. Finally, Academy Capital Management Inc. TX purchased a new stake in shares of Liberty Latin America in the third quarter worth $5,143,000. Institutional investors and hedge funds own 56.66% of the company’s stock.
Several equities analysts recently weighed in on LILAK shares. BidaskClub cut shares of Liberty Latin America from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 18th. 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 cut their target price on shares of Liberty Latin America from $29.00 to $27.00 and set a “buy” rating for the company in a research note on Monday, August 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Liberty Latin America currently has an average rating of “Hold” and an average target price of $24.00.
Liberty Latin America (NASDAQ:LILAK) last posted its 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.
COPYRIGHT VIOLATION WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2018/11/10/gabelli-funds-llc-takes-14-48-million-position-in-liberty-latin-america-ltd-lilak.html.
Liberty Latin America 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.
Featured Article: Diversification Important in Investing
Want to see what other hedge funds are holding LILAK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Latin America Ltd (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.