AQR Capital Management LLC Has $2.35 Million Position in Liberty Latin America Ltd. (NASDAQ:LILAK)

AQR Capital Management LLC increased its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 77.9% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 243,788 shares of the company’s stock after purchasing an additional 106,721 shares during the period. AQR Capital Management LLC’s holdings in Liberty Latin America were worth $2,345,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in LILAK. DAVENPORT & Co LLC grew its position in Liberty Latin America by 8.9% in the 1st quarter. DAVENPORT & Co LLC now owns 3,559,940 shares of the company’s stock worth $24,884,000 after purchasing an additional 291,155 shares during the last quarter. Vanguard Group Inc. grew its position in Liberty Latin America by 6.4% during the first quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock worth $22,867,000 after buying an additional 197,988 shares in the last quarter. Genesis Investment Management LLP increased its stake in Liberty Latin America by 39.4% during the second 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 during the period. Banco Santander S.A. acquired a new position in Liberty Latin America in the 2nd quarter valued at approximately $13,188,000. Finally, Empowered Funds LLC lifted its position in shares of Liberty Latin America by 8.2% in the 1st quarter. Empowered Funds LLC now owns 784,702 shares of the company’s stock worth $5,485,000 after acquiring an additional 59,467 shares during the period. Institutional investors own 52.98% of the company’s stock.

Liberty Latin America Price Performance

Liberty Latin America stock opened at $9.38 on Wednesday. The business has a 50 day simple moving average of $9.55 and a 200 day simple moving average of $8.89. The company has a market capitalization of $1.85 billion, a PE ratio of -312.67 and a beta of 1.13. Liberty Latin America Ltd. has a one year low of $5.95 and a one year high of $10.93.

Liberty Latin America (NASDAQ:LILAK) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). The business had revenue of $1.12 billion during the quarter.

Insider Activity at Liberty Latin America

In other Liberty Latin America news, insider Dustin Henderson sold 5,906 shares of the business’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $10.00, for a total value of $59,060.00. Following the transaction, the insider now owns 1,600 shares of the company’s stock, valued at approximately $16,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Brian D. Zook sold 26,197 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total value of $250,967.26. Following the completion of the sale, the chief accounting officer now owns 28,788 shares of the company’s stock, valued at $275,789.04. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dustin Henderson sold 5,906 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $10.00, for a total value of $59,060.00. Following the transaction, the insider now directly owns 1,600 shares in the company, valued at approximately $16,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 9.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LILAK. The Goldman Sachs Group restated a “neutral” rating and set a $10.50 price objective (up from $9.30) on shares of Liberty Latin America in a research report on Wednesday, September 4th. StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Pivotal Research reduced their price objective on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a report on Monday, August 12th.

Liberty Latin America Company 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.