FMR LLC boosted its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 69.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,600,000 shares of the company's stock after buying an additional 6,379,203 shares during the period. FMR LLC owned about 7.95% of Liberty Latin America worth $148,044,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of LILAK. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Liberty Latin America by 29.9% in the second 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 during the period. Principal Financial Group Inc. boosted its holdings in Liberty Latin America by 6.7% in the second quarter. Principal Financial Group Inc. now owns 66,269 shares of the company's stock valued at $638,000 after acquiring an additional 4,180 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Liberty Latin America by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 110,116 shares of the company's stock valued at $770,000 after acquiring an additional 4,487 shares during the last quarter. nVerses Capital LLC bought a new position in Liberty Latin America during the third quarter worth about $55,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in Liberty Latin America by 9.9% during the second quarter. The Manufacturers Life Insurance Company now owns 71,204 shares of the company's stock worth $685,000 after buying an additional 6,387 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company's stock.
Insider Activity at Liberty Latin America
In related news, Director Brendan J. Paddick acquired 5,053 shares of Liberty Latin America stock in a transaction dated Friday, November 29th. The shares were purchased at an average price of $6.93 per share, for a total transaction of $35,017.29. Following the completion of the transaction, the director now directly owns 1,343,021 shares in the company, valued at approximately $9,307,135.53. This represents a 0.38 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders have bought 106,298 shares of company stock valued at $735,327. 9.66% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on LILAK shares. Pivotal Research decreased their target price on Liberty Latin America from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Monday, August 12th. StockNews.com downgraded Liberty Latin America from a "buy" rating to a "hold" rating in a research report on Thursday, August 15th. The Goldman Sachs Group lowered their price target on Liberty Latin America from $10.50 to $7.50 and set a "neutral" rating for the company in a report on Wednesday. Finally, 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.
Get Our Latest Stock Report on Liberty Latin America
Liberty Latin America Trading Down 2.0 %
NASDAQ LILAK traded down $0.14 during trading on Wednesday, hitting $6.81. The company had a trading volume of 1,369,740 shares, compared to its average volume of 1,001,669. Liberty Latin America Ltd. has a one year low of $5.95 and a one year high of $10.93. The company's fifty day moving average is $8.59 and its 200-day moving average is $9.09. 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 company has a market cap of $1.34 billion, a price-to-earnings ratio of -2.32 and a beta of 1.04.
Liberty Latin America Company Profile
(
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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