Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick Buys 5,053 Shares

Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick purchased 5,053 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were purchased at an average cost of $6.93 per share, for a total transaction of $35,017.29. Following the purchase, the director now directly owns 1,343,021 shares of the company’s stock, valued at $9,307,135.53. This trade represents a 0.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Latin America Trading Down 1.4 %

LILAK stock opened at $6.91 on Monday. Liberty Latin America Ltd. has a 1-year low of $5.95 and a 1-year high of $10.93. The business’s 50-day moving average price is $8.74 and its two-hundred day moving average price is $9.13. The firm has a market cap of $1.36 billion, a PE ratio of -2.36 and a beta of 1.12.

Hedge Funds Weigh In On Liberty Latin America

Several institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC bought a new stake in Liberty Latin America in the 3rd quarter valued at $55,000. Quantinno Capital Management LP bought a new stake in shares of Liberty Latin America in the third quarter valued at about $125,000. Algert Global LLC acquired a new position in shares of Liberty Latin America during the second quarter worth about $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Liberty Latin America by 29.9% during 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 buying an additional 3,150 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Liberty Latin America during the third quarter worth about $187,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LILAK has been the topic of a number of recent research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $10.50 price objective (up from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th. StockNews.com cut Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Scotiabank lowered their price target on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. Finally, Pivotal Research reduced their price objective on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 12th.

Liberty Latin America Company Profile

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.