Is Latin American Discovery Fund Inc (NYSE:LDF) Going to Burn These Institutional Investors?

June 20, 2017 - By Clifton Ray

 Is Latin American Discovery Fund Inc (NYSE:LDF) Going to Burn These Institutional Investors?

Sentiment for Latin American Discovery Fund Inc (NYSE:LDF)

Latin American Discovery Fund Inc (NYSE:LDF) institutional sentiment increased to 1.8 in 2016 Q4. Its up 1.17, from 0.63 in 2016Q3. The ratio is positive, as 9 investment managers increased or started new stock positions, while 5 cut down and sold their stock positions in Latin American Discovery Fund Inc. The investment managers in our partner’s database now have: 4.23 million shares, up from 4.04 million shares in 2016Q3. Also, the number of investment managers holding Latin American Discovery Fund Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 3 Increased: 5 New Position: 4.

The Latin American Discovery Fund, Inc. is a non-diversified, closed-end management investment company. The company has market cap of $71.29 million. The Fund’s investment objective is long-term capital appreciation through investments primarily in equity securities of Latin American issuers and by investing from time to time in debt securities issued or guaranteed by a Latin American Government or Governmental entity. It currently has negative earnings. The Fund’s portfolio of investments include banks, multi-line retail, construction materials, beverages, oil, gas and consumable fuels and other.

About 600 shares traded. Latin American Discovery Fund Inc. (NYSE:LDF) has risen 24.35% since June 20, 2016 and is uptrending. It has outperformed by 7.65% the S&P500.

City Of London Investment Management Co Ltd holds 1.72% of its portfolio in Latin American Discovery Fund Inc. for 2.30 million shares. Amica Mutual Insurance Co owns 585,309 shares or 0.49% of their US portfolio. Moreover, Amica Pension Fund Board Of Trustees has 0.14% invested in the company for 121,775 shares. The Virginia-based 1607 Capital Partners Llc has invested 0.11% in the stock. Amica Retiree Medical Trust, a Rhode Island-based fund reported 11,002 shares.#img1#

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