Glacier Peak Capital LLC Buys New Stake in Liberty Latin America Ltd Class C (LILAK)

Glacier Peak Capital LLC bought a new position in Liberty Latin America Ltd Class C (NASDAQ:LILAK) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 463,018 shares of the company’s stock, valued at approximately $8,839,000. Liberty Latin America Ltd Class C accounts for 5.4% of Glacier Peak Capital LLC’s holdings, making the stock its 2nd largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of LILAK. Fiduciary Management Inc. WI acquired a new position in shares of Liberty Latin America Ltd Class C in the first quarter worth about $74,957,000. Fine Capital Partners L.P. raised its stake in Liberty Latin America Ltd Class C by 731.1% during the fourth quarter. Fine Capital Partners L.P. now owns 2,119,400 shares of the company’s stock valued at $42,155,000 after buying an additional 1,864,400 shares in the last quarter. Franklin Resources Inc. acquired a new stake in Liberty Latin America Ltd Class C during the fourth quarter valued at approximately $31,197,000. River Road Asset Management LLC acquired a new stake in Liberty Latin America Ltd Class C during the first quarter valued at approximately $21,189,000. Finally, Eagle Asset Management Inc. acquired a new stake in Liberty Latin America Ltd Class C during the first quarter valued at approximately $13,489,000. 49.69% of the stock is owned by institutional investors.

LILAK has been the topic of several research reports. Scotiabank cut Liberty Latin America Ltd Class C from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $34.00 to $21.00 in a research note on Thursday, February 15th. Goldman Sachs Group initiated coverage on Liberty Latin America Ltd Class C in a research note on Tuesday, April 3rd. They set a “neutral” rating and a $23.00 price objective on the stock. BidaskClub upgraded Liberty Latin America Ltd Class C from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 24th. Finally, ValuEngine upgraded Liberty Latin America Ltd Class C from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $24.00.

Shares of Liberty Latin America Ltd Class C traded up $0.26, hitting $21.74, during trading on Thursday, Marketbeat reports. 1,338 shares of the company traded hands, compared to its average volume of 536,693. Liberty Latin America Ltd Class C has a one year low of $17.90 and a one year high of $27.53.

Liberty Latin America Ltd Class C (NASDAQ:LILAK) last posted its earnings results on Tuesday, May 8th. The company reported ($0.26) EPS for the quarter. The firm had revenue of $909.90 million during the quarter.

About Liberty Latin America Ltd Class C

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 Ltd Class C (NASDAQ:LILAK)

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