Royal Bank of Canada Has $1.39 Million Stake in Liberty Latin America Ltd (NASDAQ:LILA)

Royal Bank of Canada grew its position in shares of Liberty Latin America Ltd (NASDAQ:LILA) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,363 shares of the company’s stock after buying an additional 1,875 shares during the quarter. Royal Bank of Canada’s holdings in Liberty Latin America were worth $1,385,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Liberty Latin America by 1.2% during the 2nd quarter. BlackRock Inc. now owns 3,069,384 shares of the company’s stock valued at $52,885,000 after buying an additional 35,799 shares during the last quarter. PenderFund Capital Management Ltd. lifted its holdings in shares of Liberty Latin America by 586.9% during the 2nd quarter. PenderFund Capital Management Ltd. now owns 2,000,000 shares of the company’s stock valued at $2,254,000 after buying an additional 1,708,853 shares during the last quarter. S&CO Inc. lifted its holdings in shares of Liberty Latin America by 4.6% during the 2nd quarter. S&CO Inc. now owns 1,105,719 shares of the company’s stock valued at $19,052,000 after buying an additional 48,255 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Liberty Latin America during the 2nd quarter valued at about $17,156,000. Finally, Ingalls & Snyder LLC lifted its holdings in shares of Liberty Latin America by 3.4% during the 2nd quarter. Ingalls & Snyder LLC now owns 695,497 shares of the company’s stock valued at $11,983,000 after buying an additional 22,684 shares during the last quarter. Institutional investors and hedge funds own 18.87% of the company’s stock.

LILA has been the subject of several research reports. ValuEngine lowered Liberty Latin America from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Barclays upgraded Liberty Latin America from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $18.00 to $20.00 in a report on Thursday. Benchmark began coverage on Liberty Latin America in a report on Thursday, July 25th. They issued a “buy” rating and a $26.00 target price for the company. Zacks Investment Research upgraded Liberty Latin America from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, TheStreet lowered Liberty Latin America from a “c” rating to a “d+” rating in a report on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $23.75.

LILA opened at $18.53 on Monday. The business has a 50 day moving average price of $17.42 and a 200 day moving average price of $17.89. Liberty Latin America Ltd has a twelve month low of $13.96 and a twelve month high of $21.90. The firm has a market cap of $3.35 billion, a P/E ratio of -9.31 and a beta of 1.81.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Tuesday, August 6th. The company reported ($0.64) earnings per share for the quarter. The company had revenue of $982.90 million during the quarter.

In other Liberty Latin America news, Director Eric Louis Zinterhofer purchased 81,407 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were bought at an average cost of $16.02 per share, with a total value of $1,304,140.14. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Balan Nair purchased 15,060 shares of the company’s stock in a transaction on Friday, August 9th. The stock was acquired at an average cost of $16.60 per share, for a total transaction of $249,996.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 261,467 shares of company stock worth $4,311,036. Company insiders own 13.82% of the company’s stock.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. It offers communications and entertainment services, including video, broadband Internet, fixed-line telephony, and mobile 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.

Further Reading: Lock-Up Period Expiration

Institutional Ownership by Quarter for Liberty Latin America (NASDAQ:LILA)

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