Brendan J. Paddick Acquires 5,053 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK) Stock

Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick bought 5,053 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were acquired at an average price of $6.93 per share, with a total value of $35,017.29. Following the completion of the transaction, the director now owns 1,343,021 shares of the company’s stock, valued at approximately $9,307,135.53. The trade was a 0.38 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Liberty Latin America Trading Down 1.4 %

Shares of Liberty Latin America stock traded down $0.10 during trading on Friday, hitting $6.91. 639,771 shares of the stock traded hands, compared to its average volume of 1,001,147. The firm has a market cap of $1.36 billion, a P/E ratio of -2.39 and a beta of 1.12. Liberty Latin America Ltd. has a 52-week low of $5.95 and a 52-week high of $10.93. The stock’s fifty day simple moving average is $8.79 and its 200 day simple moving average is $9.13.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Pivotal Research decreased their target price on Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. The Goldman Sachs Group reiterated a “neutral” rating and set a $10.50 target price (up from $9.30) on shares of Liberty Latin America in a research report on Wednesday, September 4th. StockNews.com downgraded Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Scotiabank decreased their target price on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research report on Friday, November 8th.

Hedge Funds Weigh In On Liberty Latin America

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew 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 last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Liberty Latin America in the third quarter worth about $801,000. Virtu Financial LLC acquired a new stake in Liberty Latin America in the third quarter worth about $591,000. Geode Capital Management LLC boosted its holdings in 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 worth $32,073,000 after acquiring an additional 39,711 shares in the last quarter. Finally, Barclays PLC boosted its holdings in Liberty Latin America by 55.8% in the third quarter. Barclays PLC now owns 200,249 shares of the company’s stock worth $1,900,000 after acquiring an additional 71,734 shares in the last quarter. Hedge funds and other institutional investors own 52.98% of the company’s stock.

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.