Should You Now Dispose Your Liberty Latin America (LILA) Shares?

Weitz Investment Management, an investment management firm, published its “Partners Value Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly return of +0.03% was recorded by the fund for the third quarter of 2021, compared to +0.58% for the S&P 500 and -0.10% for the Russell 3000 respectively for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Weitz Investment Management Partners Value Fund in its Q4 2021 investor letter, mentioned Liberty Latin America Ltd. (NASDAQ: LILA) and discussed its stance on the firm. Liberty Latin America Ltd. is a Denver, Colorado-based telecommunication company with a $2.4 billion market capitalization. LILA delivered a -8.49% return since the beginning of the year, while its 12-month returns are down by -3.87%. The stock closed at $10.67 per share on February 4, 2022.

Here is what Weitz Investment Management Partners Value Fund has to say about Liberty Latin America Ltd. in its Q4 2021 investor letter:

Liberty Latin America was the Fund’s largest quarterly detractor, as a resurgence of COVID-19 cases took hold in parts of Latin America. The company’s wireless business tends to be more economically sensitive, leading to a bumpier path for this deep value investment. Liberty Broadband (26% owner of Charter Communications) shares fell as recent slowdowns in broadband customer additions fueled fears about rising competitive intensity.”

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Our calculations show that Liberty Latin America Ltd. (NASDAQ: LILA) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. LILA was in 14 hedge fund portfolios at the end of the third quarter of 2021, compared to 16 funds in the previous quarter. Liberty Latin America Ltd. (NASDAQ: LILA) delivered a -20.37% return in the past 3 months.

In January 2021, we also shared another hedge fund’s views on LILA in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.