Ingalls & Snyder LLC Reduces Stake in Liberty Latin America Ltd. (NASDAQ:LILA)

Ingalls & Snyder LLC cut its position in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 17.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 69,166 shares of the company’s stock after selling 14,715 shares during the period. Ingalls & Snyder LLC’s holdings in Liberty Latin America were worth $663,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new position in shares of Liberty Latin America during the 3rd quarter worth $104,000. SG Americas Securities LLC purchased a new position in Liberty Latin America during the 3rd quarter valued at about $120,000. Ground Swell Capital LLC acquired a new position in Liberty Latin America during the second quarter worth about $122,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of Liberty Latin America by 304.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock valued at $149,000 after purchasing an additional 16,215 shares in the last quarter. Finally, XTX Topco Ltd grew its position in shares of Liberty Latin America by 78.2% in the second 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 during the last quarter. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Liberty Latin America news, Director Brendan J. Paddick bought 35,475 shares of Liberty Latin America stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost of $7.04 per share, for a total transaction of $249,744.00. Following the completion of the transaction, the director now owns 1,273,443 shares of the company’s stock, valued at $8,965,038.72. This represents a 2.87 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 11.35% of the stock is owned by company insiders.

Liberty Latin America Stock Down 1.1 %

LILA opened at $7.00 on Wednesday. The firm has a market cap of $1.38 billion, a P/E ratio of -2.39 and a beta of 1.04. The business’s fifty day simple moving average is $8.74 and its 200 day simple moving average is $9.13. Liberty Latin America Ltd. has a 52 week low of $5.90 and a 52 week high of $10.81. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31.

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.