Fmr LLC Increases Stake in Liberty Latin America Ltd. (NASDAQ:LILA)

FMR LLC lifted its holdings in Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) by 60,327.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,160,869 shares of the company's stock after purchasing an additional 2,157,293 shares during the quarter. FMR LLC owned 1.10% of Liberty Latin America worth $20,701,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LILA. Intech Investment Management LLC purchased a new position in shares of Liberty Latin America in the third quarter valued at $104,000. SG Americas Securities LLC bought a new position in Liberty Latin America during the third quarter valued at $120,000. Ground Swell Capital LLC bought a new position in Liberty Latin America during the second quarter valued at $122,000. XTX Topco Ltd increased its position in Liberty Latin America by 78.2% during the second quarter. XTX Topco Ltd now owns 20,614 shares of the company's stock valued at $198,000 after acquiring an additional 9,045 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Liberty Latin America by 7.4% during the second quarter. Principal Financial Group Inc. now owns 22,129 shares of the company's stock valued at $213,000 after acquiring an additional 1,523 shares during the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Liberty Latin America from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 4th.

Insider Buying and Selling

In other Liberty Latin America news, Director Brendan J. Paddick acquired 35,475 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average cost of $7.04 per share, with a total value of $249,744.00. Following the completion of the purchase, the director now directly owns 1,273,443 shares in the company, valued at $8,965,038.72. The trade was a 2.87 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired a total of 106,298 shares of company stock valued at $735,327 over the last three months. 11.35% of the stock is owned by company insiders.

Liberty Latin America Trading Up 0.7 %

Shares of NASDAQ LILA traded up $0.05 during mid-day trading on Tuesday, reaching $6.83. The company had a trading volume of 267,579 shares, compared to its average volume of 368,768. The business's 50-day moving average is $8.46 and its 200-day moving average is $9.07. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of -2.33 and a beta of 1.04. Liberty Latin America Ltd. has a 52 week low of $5.90 and a 52 week high of $10.81.

About Liberty Latin America

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.