Macquarie Group Ltd. Increases Stake in Liberty Latin America Ltd (LILAK)

Macquarie Group Ltd. grew its position in Liberty Latin America Ltd (NASDAQ:LILAK) by 5,093.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 61,178 shares of the company’s stock after acquiring an additional 60,000 shares during the period. Macquarie Group Ltd.’s holdings in Liberty Latin America were worth $1,205,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in LILAK. New York State Common Retirement Fund increased its holdings in Liberty Latin America by 24.1% in the third quarter. New York State Common Retirement Fund now owns 134,695 shares of the company’s stock valued at $3,138,000 after purchasing an additional 26,200 shares during the period. Russell Investments Group Ltd. increased its holdings in Liberty Latin America by 2.0% in the third quarter. Russell Investments Group Ltd. now owns 243,282 shares of the company’s stock valued at $5,669,000 after purchasing an additional 4,853 shares during the period. Ameriprise Financial Inc. increased its holdings in Liberty Latin America by 364.5% in the third quarter. Ameriprise Financial Inc. now owns 226,271 shares of the company’s stock valued at $5,271,000 after purchasing an additional 177,557 shares during the period. Legal & General Group Plc increased its holdings in Liberty Latin America by 63.2% in the third quarter. Legal & General Group Plc now owns 23,662 shares of the company’s stock valued at $551,000 after purchasing an additional 9,159 shares during the period. Finally, Schroder Investment Management Group increased its holdings in Liberty Latin America by 61,048.3% in the third quarter. Schroder Investment Management Group now owns 35,466 shares of the company’s stock valued at $811,000 after purchasing an additional 35,408 shares during the period. Institutional investors own 52.98% of the company’s stock.

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Shares of Liberty Latin America stock opened at $19.84 on Friday. Liberty Latin America Ltd has a 1-year low of $18.65 and a 1-year high of $27.53.

A number of analysts recently weighed in on LILAK shares. Pivotal Research restated a “buy” rating and issued a $30.00 price objective on shares of Liberty Latin America in a report on Monday, January 8th. Goldman Sachs started coverage on Liberty Latin America in a report on Tuesday. They issued a “neutral” rating and a $23.00 price objective for the company. Scotiabank downgraded Liberty Latin America from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $34.00 to $21.00 in a report on Thursday, February 15th. ValuEngine downgraded Liberty Latin America from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, BidaskClub upgraded Liberty Latin America from a “strong sell” rating to a “sell” rating in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.00.

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Liberty Latin America Company 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 (NASDAQ:LILAK)

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