Zacks Investment Management Buys Shares of 67,643 Liberty Latin America Ltd. (NASDAQ:LILA)

Zacks Investment Management bought a new stake in shares of Liberty Latin America Ltd. (NASDAQ:LILA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 67,643 shares of the company’s stock, valued at approximately $648,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Intech Investment Management LLC purchased a new position in shares of Liberty Latin America in the 3rd quarter worth approximately $104,000. SG Americas Securities LLC acquired a new position in Liberty Latin America during the 3rd quarter valued at approximately $120,000. Ground Swell Capital LLC acquired a new position in Liberty Latin America during the 2nd quarter valued at approximately $122,000. XTX Topco Ltd increased its stake in Liberty Latin America by 78.2% during the 2nd quarter. XTX Topco Ltd now owns 20,614 shares of the company’s stock valued at $198,000 after purchasing an additional 9,045 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Liberty Latin America by 48.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,399 shares of the company’s stock valued at $205,000 after purchasing an additional 6,999 shares in the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Insider Activity

In other news, Director Brendan J. Paddick purchased 35,475 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost of $7.04 per share, with a total value of $249,744.00. Following the completion of the acquisition, the director now owns 1,273,443 shares of the company’s stock, valued at approximately $8,965,038.72. This represents a 2.87 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired 106,298 shares of company stock valued at $735,327 in the last ninety days. Insiders own 11.35% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

Liberty Latin America Stock Up 0.7 %

LILA stock opened at $6.83 on Wednesday. The firm’s fifty day simple moving average is $8.46 and its 200-day simple moving average is $9.07. The company has a market capitalization of $1.34 billion, a P/E ratio of -2.33 and a beta of 1.04. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. Liberty Latin America Ltd. has a 12 month low of $5.90 and a 12 month high of $10.81.

Liberty Latin America 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.