S&CO Inc. Invests $19.64 Million in Liberty Latin America Ltd (LILA) Stock

S&CO Inc. acquired a new stake in Liberty Latin America Ltd (NASDAQ:LILA) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 942,606 shares of the company’s stock, valued at approximately $19,644,000. Liberty Latin America accounts for 2.2% of S&CO Inc.’s investment portfolio, making the stock its 16th largest position. S&CO Inc. owned about 0.55% of Liberty Latin America at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System acquired a new stake in Liberty Latin America in the third quarter valued at $224,000. Oppenheimer Asset Management Inc. acquired a new stake in Liberty Latin America in the third quarter valued at $235,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in Liberty Latin America during the third quarter valued at $257,000. Markel Corp bought a new stake in Liberty Latin America during the third quarter valued at $411,000. Finally, Conning Inc. bought a new stake in Liberty Latin America during the third quarter valued at $469,000. Institutional investors and hedge funds own 22.39% of the company’s stock.

LILA has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Liberty Latin America from a “strong sell” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Wednesday, August 22nd. Buckingham Research cut their price target on shares of Liberty Latin America from $30.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, August 16th. ValuEngine raised shares of Liberty Latin America from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. Finally, Macquarie reaffirmed a “hold” rating and set a $24.00 price target on shares of Liberty Latin America in a research report on Thursday, July 19th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $24.25.

Shares of LILA opened at $19.16 on Thursday. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of -46.73 and a beta of 1.62. Liberty Latin America Ltd has a 12 month low of $16.88 and a 12 month high of $24.00.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Wednesday, August 8th. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.20). The business had revenue of $922.10 million for the quarter. On average, equities research analysts expect that Liberty Latin America Ltd will post -0.36 EPS for the current fiscal year.

In related news, insider Balan Nair acquired 110,000 shares of the business’s stock in a transaction dated Friday, August 24th. The shares were bought at an average price of $18.14 per share, with a total value of $1,995,400.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Eric Louis Zinterhofer acquired 104,303 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were bought at an average cost of $18.43 per share, for a total transaction of $1,922,304.29. The disclosure for this purchase can be found here. Insiders have acquired 234,303 shares of company stock worth $4,276,304 in the last ninety days. Insiders own 8.40% of the company’s stock.

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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.

Further Reading: Hedge Funds Explained

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

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