Goldentree Asset Management LP Sells 1,050,000 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Goldentree Asset Management LP decreased its position in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 32.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,205,722 shares of the company’s stock after selling 1,050,000 shares during the quarter. Liberty Latin America comprises approximately 1.7% of Goldentree Asset Management LP’s investment portfolio, making the stock its 20th largest position. Goldentree Asset Management LP owned approximately 1.12% of Liberty Latin America worth $20,932,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Liberty Latin America by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock valued at $22,867,000 after purchasing an additional 197,988 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Liberty Latin America by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 110,116 shares of the company’s stock worth $770,000 after buying an additional 4,487 shares during the period. Genesis Investment Management LLP increased its stake in shares of Liberty Latin America by 39.4% in the 2nd quarter. Genesis Investment Management LLP now owns 2,609,237 shares of the company’s stock valued at $25,101,000 after acquiring an additional 737,883 shares in the last quarter. Timber Creek Capital Management LLC lifted its position in shares of Liberty Latin America by 20.6% during the 2nd quarter. Timber Creek Capital Management LLC now owns 314,367 shares of the company’s stock valued at $3,024,000 after acquiring an additional 53,744 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in Liberty Latin America by 29.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company’s stock worth $132,000 after acquiring an additional 3,150 shares in the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

Analyst Ratings Changes

LILAK has been the subject of several research analyst reports. Scotiabank decreased their price target on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. StockNews.com lowered Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Pivotal Research dropped their price target on Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $10.50 price objective (up previously from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th.

Liberty Latin America Price Performance

Shares of NASDAQ LILAK opened at $7.01 on Friday. Liberty Latin America Ltd. has a 1 year low of $5.95 and a 1 year high of $10.93. The stock has a market capitalization of $1.38 billion, a P/E ratio of -2.39 and a beta of 1.12. The company has a 50-day moving average price of $8.79 and a 200-day moving average price of $9.13.

Liberty Latin America Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles 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.