Segall Bryant & Hamill LLC Acquires New Shares in Liberty Latin America Ltd. (NASDAQ:LILAK)

Segall Bryant & Hamill LLC acquired a new stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 109,741 shares of the company’s stock, valued at approximately $1,041,000. Segall Bryant & Hamill LLC owned 0.06% of Liberty Latin America at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Empowered Funds LLC raised its stake in Liberty Latin America by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 891,148 shares of the company’s stock valued at $8,457,000 after acquiring an additional 45,426 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Liberty Latin America during the 3rd quarter valued at $267,000. nVerses Capital LLC bought a new stake in Liberty Latin America during the 3rd quarter valued at $55,000. Truist Financial Corp bought a new stake in Liberty Latin America during the 2nd quarter valued at $481,000. Finally, Algert Global LLC bought a new stake in Liberty Latin America during the 2nd quarter valued at $126,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Latin America Trading Up 1.0 %

Shares of LILAK stock opened at $7.04 on Friday. Liberty Latin America Ltd. has a 1-year low of $5.95 and a 1-year high of $10.93. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -2.40 and a beta of 1.12. The stock’s fifty day simple moving average is $9.00 and its 200-day simple moving average is $9.17.

Analyst Ratings Changes

Several analysts have weighed in on LILAK shares. Scotiabank cut their target price on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. StockNews.com downgraded Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. 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. Finally, Pivotal Research dropped their price objective 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.

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.