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

Goldentree Asset Management LP trimmed its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 32.3% in the third quarter, HoldingsChannel.com reports. The fund owned 2,205,722 shares of the company’s stock after selling 1,050,000 shares during the period. Liberty Latin America makes up 1.7% of Goldentree Asset Management LP’s investment portfolio, making the stock its 20th largest position. Goldentree Asset Management LP’s holdings in Liberty Latin America were worth $20,932,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of LILAK. Vanguard Group Inc. boosted its stake in Liberty Latin America by 6.4% in the first quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock valued at $22,867,000 after acquiring an additional 197,988 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Liberty Latin America in the 2nd quarter worth approximately $593,000. Segall Bryant & Hamill LLC purchased a new position in Liberty Latin America in the third quarter valued at approximately $1,041,000. Algert Global LLC bought a new position in Liberty Latin America during the second quarter valued at $126,000. Finally, nVerses Capital LLC purchased a new stake in Liberty Latin America in the third quarter worth $55,000. 52.98% of the stock is currently owned by institutional investors.

Liberty Latin America Stock Performance

Shares of NASDAQ LILAK opened at $7.01 on Friday. Liberty Latin America Ltd. has a fifty-two week low of $5.95 and a fifty-two week high of $10.93. The stock has a market cap of $1.38 billion, a PE ratio of -2.39 and a beta of 1.12. The stock has a fifty day moving average of $8.79 and a 200-day moving average of $9.13.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LILAK shares. 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 report on Monday, August 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $10.50 price objective (up from $9.30) on shares of Liberty Latin America in a report on Wednesday, September 4th. Scotiabank cut their target price on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. Finally, StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th.

About Liberty Latin America

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.