Liberty Latin America Ltd. (NASDAQ:LILAK) Director Acquires $198,331.80 in Stock

Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick bought 31,989 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $6.20 per share, for a total transaction of $198,331.80. Following the acquisition, the director now owns 1,419,507 shares of the company’s stock, valued at approximately $8,800,943.40. This trade represents a 2.31 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Liberty Latin America Price Performance

LILAK opened at $6.35 on Wednesday. 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 $5.95 and a 12 month high of $10.93. The business has a 50 day simple moving average of $7.77 and a 200-day simple moving average of $8.88.

Institutional Investors Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. lifted its position in shares of Liberty Latin America by 6.7% during the 2nd 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 period. nVerses Capital LLC acquired a new stake in Liberty Latin America in the third quarter valued at $55,000. The Manufacturers Life Insurance Company increased its position in shares of Liberty Latin America by 9.9% in the second quarter. The Manufacturers Life Insurance Company now owns 71,204 shares of the company’s stock valued at $685,000 after buying an additional 6,387 shares in the last quarter. Franklin Resources Inc. raised its position in Liberty Latin America by 10.2% during the third quarter. Franklin Resources Inc. now owns 91,461 shares of the company’s stock worth $868,000 after acquiring an additional 8,454 shares during the last quarter. Finally, State Street Corp grew its position in shares of Liberty Latin America by 0.4% in the third quarter. State Street Corp now owns 3,290,866 shares of the company’s stock valued at $31,230,000 after purchasing an additional 11,510 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LILAK shares. Scotiabank lowered their price objective on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group lowered their target price on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, December 4th.

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.