Oppenheimer Asset Management Inc. Takes Position in Liberty Latin America Ltd (LILA)

Oppenheimer Asset Management Inc. acquired a new stake in Liberty Latin America Ltd (NASDAQ:LILA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,289 shares of the company’s stock, valued at approximately $235,000.

Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Liberty Latin America by 26.7% during the first quarter. Wells Fargo & Company MN now owns 114,251 shares of the company’s stock worth $2,222,000 after purchasing an additional 24,093 shares during the last quarter. Northern Trust Corp increased its position in Liberty Latin America by 36.1% during the first quarter. Northern Trust Corp now owns 139,683 shares of the company’s stock worth $2,718,000 after purchasing an additional 37,063 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Liberty Latin America by 842.5% during the first quarter. Dimensional Fund Advisors LP now owns 201,502 shares of the company’s stock worth $3,919,000 after purchasing an additional 180,122 shares during the last quarter. Barings LLC acquired a new position in Liberty Latin America during the third quarter worth approximately $5,087,000. Finally, Millennium Management LLC acquired a new position in Liberty Latin America during the first quarter worth approximately $5,167,000. 22.39% of the stock is owned by institutional investors and hedge funds.

LILA opened at $19.39 on Friday. Liberty Latin America Ltd has a 52-week low of $16.88 and a 52-week high of $24.00. The company has a market cap of $3.28 billion, a price-to-earnings ratio of -47.29 and a beta of 1.62.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Wednesday, August 8th. The company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.20). The business had revenue of $922.10 million for the quarter. As a group, sell-side analysts predict that Liberty Latin America Ltd will post -0.36 EPS for the current year.

In other Liberty Latin America news, insider Balan Nair acquired 110,000 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was bought at an average cost of $18.14 per share, for a total transaction of $1,995,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Christopher J. Noyes acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were acquired at an average price of $17.93 per share, with a total value of $358,600.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 234,303 shares of company stock valued at $4,276,304. 8.40% of the stock is owned by insiders.

Several brokerages recently commented on LILA. Zacks Investment Research lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Tuesday, October 9th. ValuEngine raised shares of Liberty Latin America from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. 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. Finally, Buckingham Research dropped their price target on shares of Liberty Latin America from $30.00 to $28.00 and set a “buy” rating for the company in a research report on Thursday, August 16th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $24.25.

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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.

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

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