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

Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick acquired 31,989 shares of Liberty Latin America stock in a transaction dated Thursday, December 19th. The stock was purchased at an average cost of $6.20 per share, for a total transaction of $198,331.80. Following the completion of the purchase, the director now owns 1,419,507 shares in the company, valued at approximately $8,800,943.40. The trade was a 2.31 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Liberty Latin America Trading Down 1.6 %

Shares of NASDAQ:LILAK traded down $0.10 during mid-day trading on Monday, hitting $6.13. The company had a trading volume of 1,147,163 shares, compared to its average volume of 1,014,704. The company has a market capitalization of $1.21 billion, a PE ratio of -2.09 and a beta of 1.04. Liberty Latin America Ltd. has a one year low of $5.95 and a one year high of $10.93. The firm has a fifty day moving average price of $7.90 and a 200 day moving average price of $8.92. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06.

Hedge Funds Weigh In On Liberty Latin America

Several institutional investors have recently made changes to their positions in LILAK. Principal Financial Group Inc. raised its position in shares of Liberty Latin America by 6.7% during the second quarter. Principal Financial Group Inc. now owns 66,269 shares of the company’s stock worth $638,000 after purchasing an additional 4,180 shares during the period. nVerses Capital LLC acquired a new position in Liberty Latin America during the third quarter worth $55,000. The Manufacturers Life Insurance Company lifted its stake 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. grew its holdings in shares of Liberty Latin America by 10.2% during the third quarter. Franklin Resources Inc. now owns 91,461 shares of the company’s stock valued at $868,000 after buying an additional 8,454 shares during the last quarter. Finally, State Street Corp increased its position in shares of Liberty Latin America by 0.4% during the third quarter. State Street Corp now owns 3,290,866 shares of the company’s stock worth $31,230,000 after acquiring an additional 11,510 shares in the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on LILAK shares. The Goldman Sachs Group dropped 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. Scotiabank dropped their price objective on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th.

About Liberty Latin America

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.