Charles Schwab Investment Management Inc. lifted its position in Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 24.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,060,558 shares of the company's stock after buying an additional 600,689 shares during the period. Charles Schwab Investment Management Inc. owned about 1.56% of Liberty Latin America worth $29,045,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. nVerses Capital LLC bought a new stake in shares of Liberty Latin America in the 3rd quarter valued at $55,000. Algert Global LLC bought a new position in Liberty Latin America during the 2nd quarter worth about $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in Liberty Latin America by 29.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company's stock worth $132,000 after purchasing an additional 3,150 shares in the last quarter. Intech Investment Management LLC bought a new position in Liberty Latin America during the 3rd quarter worth about $250,000. Finally, Sequoia Financial Advisors LLC bought a new position in Liberty Latin America during the 3rd quarter worth about $267,000. Institutional investors own 52.98% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Scotiabank lowered their target price on Liberty Latin America from $9.40 to $8.30 and set a "sector outperform" rating for the company in a report on Friday, November 8th. Pivotal Research lowered their target price on Liberty Latin America from $18.00 to $15.00 and set a "buy" rating for the company in a report on Monday, August 12th. StockNews.com downgraded shares of Liberty Latin America from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th. Finally, The Goldman Sachs Group reduced their price objective on shares of Liberty Latin America from $10.50 to $7.50 and set a "neutral" rating for the company in a research note on Wednesday.
Check Out Our Latest Analysis on LILAK
Liberty Latin America Trading Down 0.1 %
Shares of Liberty Latin America stock traded down $0.01 during trading hours on Thursday, reaching $6.80. 1,188,287 shares of the company's stock were exchanged, compared to its average volume of 1,002,463. The company has a 50 day moving average of $8.59 and a two-hundred day moving average of $9.09. Liberty Latin America Ltd. has a fifty-two week low of $5.95 and a fifty-two week high of $10.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31.
Insider Activity at Liberty Latin America
In other news, Director Brendan J. Paddick bought 35,475 shares of the business's stock in a transaction that occurred on Tuesday, November 26th. The stock was acquired at an average cost of $7.04 per share, for a total transaction of $249,744.00. Following the purchase, the director now owns 1,273,443 shares of the company's stock, valued at approximately $8,965,038.72. This trade represents a 2.87 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders bought 106,298 shares of company stock worth $735,327. Insiders own 9.66% of the company's stock.
About Liberty Latin America
(
Free Report)
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.
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