Mackenzie Financial Corp lowered its stake in shares of Liberty Latin America Ltd (NASDAQ:LILA) by 37.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,700 shares of the company’s stock after selling 10,419 shares during the quarter. Mackenzie Financial Corp’s holdings in Liberty Latin America were worth $305,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its position in Liberty Latin America by 480.7% during the second quarter. Meeder Asset Management Inc. now owns 3,287 shares of the company’s stock worth $57,000 after purchasing an additional 2,721 shares during the period. Bank of Montreal Can boosted its position in Liberty Latin America by 298.5% during the second quarter. Bank of Montreal Can now owns 5,145 shares of the company’s stock worth $88,000 after purchasing an additional 3,854 shares during the period. Atria Investments LLC bought a new stake in Liberty Latin America during the second quarter worth approximately $217,000. Dynamic Technology Lab Private Ltd bought a new stake in Liberty Latin America during the first quarter worth approximately $350,000. Finally, Parametric Portfolio Associates LLC boosted its position in Liberty Latin America by 18.6% during the second quarter. Parametric Portfolio Associates LLC now owns 20,932 shares of the company’s stock worth $361,000 after purchasing an additional 3,282 shares during the period. 18.88% of the stock is owned by hedge funds and other institutional investors.
Shares of LILA stock opened at $17.78 on Friday. Liberty Latin America Ltd has a 12 month low of $13.96 and a 12 month high of $21.90. The stock has a 50 day moving average of $17.10 and a 200-day moving average of $17.94.
LILA has been the subject of a number of recent analyst reports. BidaskClub raised Liberty Latin America from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. TheStreet cut Liberty Latin America from a “c” rating to a “d+” rating in a research report on Tuesday, August 6th. Zacks Investment Research raised Liberty Latin America from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. ValuEngine cut Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Benchmark initiated coverage on Liberty Latin America in a research report on Thursday, July 25th. They set a “buy” rating and a $26.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.00.
In other Liberty Latin America news, insider Balan Nair purchased 15,060 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was bought at an average cost of $16.60 per share, for a total transaction of $249,996.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric Louis Zinterhofer purchased 100,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were acquired at an average price of $17.00 per share, with a total value of $1,700,000.00. Over the last quarter, insiders have bought 261,467 shares of company stock valued at $4,311,036. Corporate 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.
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