Clark Street Value sold its position in Liberty Latin America Ltd. (NASDAQ:LILA) stock. Clark Street Value is an individual investor that is focused on finding value and special situation investments. Liberty Latin America Ltd. (NASDAQ:LILA) is a telecommunications company. In the last one year, Liberty Latin America Ltd. (NASDAQ:LILA) stock lost 38% and on January 6th it had a closing price of $11.78.
Clark Street Value said that it sold its position in Liberty Latin America Ltd. (NASDAQ:LILA) stock in the fourth quarter. The investor added, “I did fully participate in the recent rights offering and the stock responded well after that, but had a sizeable tax loss that just became too valuable for me this year.”
In Q3 2020, the number of bullish hedge fund positions on Liberty Latin America Ltd. (NASDAQ:LILA) stock increased by about 13% from the previous quarter (see the chart here), so a number of other hedge fund managers believe in LILA’s growth potential. Our calculations showed that Liberty Latin America Ltd. (NASDAQ:LILA) isn’t ranked among the 30 most popular stocks among hedge funds.
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Video: Top 5 Stocks Among Hedge Funds
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