JPMorgan Chase & Co. decreased its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 78.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,836,965 shares of the company's stock after selling 10,455,446 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.44% of Liberty Latin America worth $26,938,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in Liberty Latin America by 10.2% in the third quarter. Franklin Resources Inc. now owns 91,461 shares of the company's stock valued at $868,000 after purchasing an additional 8,454 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Liberty Latin America during the 3rd quarter worth approximately $801,000. Virtu Financial LLC purchased a new position in shares of Liberty Latin America in the 3rd quarter valued at approximately $591,000. Geode Capital Management LLC increased its holdings in shares of Liberty Latin America by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company's stock valued at $32,073,000 after purchasing an additional 39,711 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Liberty Latin America by 55.8% during the third quarter. Barclays PLC now owns 200,249 shares of the company's stock worth $1,900,000 after purchasing an additional 71,734 shares during the period. 52.98% of the stock is currently owned by institutional investors and hedge funds.
Liberty Latin America Stock Down 0.6 %
NASDAQ LILAK traded down $0.04 during trading on Wednesday, reaching $6.63. 804,885 shares of the company's stock were exchanged, compared to its average volume of 735,877. The company's fifty day simple moving average is $7.10 and its 200-day simple moving average is $8.73. 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 firm has a market capitalization of $1.30 billion, a PE ratio of -2.26 and a beta of 1.04. Liberty Latin America Ltd. has a fifty-two week low of $5.95 and a fifty-two week high of $10.93.
Insider Buying and Selling at Liberty Latin America
In other Liberty Latin America news, Director Brendan J. Paddick acquired 18,011 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average price of $6.12 per share, with a total value of $110,227.32. Following the transaction, the director now owns 1,437,518 shares of the company's stock, valued at approximately $8,797,610.16. This trade represents a 1.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have bought 156,298 shares of company stock worth $1,043,886 over the last 90 days. 9.66% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on LILAK shares. Scotiabank dropped their price objective on Liberty Latin America from $9.40 to $8.30 and set a "sector outperform" rating on the stock in a report on Friday, November 8th. 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, December 4th.
View Our Latest Stock Report on Liberty Latin America
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.
Featured Stories
Before you consider Liberty Latin America, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Latin America wasn't on the list.
While Liberty Latin America currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
