Sargent Investment Group LLC Takes $69,000 Position in Liberty Latin America Ltd. (NASDAQ:LILAK)

Sargent Investment Group LLC bought a new position in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 11,075 shares of the company’s stock, valued at approximately $69,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of LILAK. FMR LLC grew its position in Liberty Latin America by 69.2% in the third quarter. FMR LLC now owns 15,600,000 shares of the company’s stock worth $148,044,000 after buying an additional 6,379,203 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Liberty Latin America by 24.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock worth $29,045,000 after acquiring an additional 600,689 shares during the last quarter. Barclays PLC raised its position in shares of Liberty Latin America by 55.8% during the third quarter. Barclays PLC now owns 200,249 shares of the company’s stock worth $1,900,000 after purchasing an additional 71,734 shares during the period. Franklin Resources Inc. lifted 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 purchasing an additional 8,454 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Liberty Latin America in the 3rd quarter valued at $1,041,000. Institutional investors own 52.98% of the company’s stock.

Liberty Latin America Trading Up 4.7 %

Shares of NASDAQ LILAK opened at $6.48 on Thursday. The firm has a market capitalization of $1.27 billion, a PE ratio of -2.21 and a beta of 1.03. Liberty Latin America Ltd. has a one year low of $5.88 and a one year high of $10.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. The business has a 50-day moving average price of $6.57 and a two-hundred day moving average price of $8.30.

Liberty Latin America (NASDAQ:LILAK) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($2.22) EPS for the quarter. Liberty Latin America had a negative net margin of 13.02% and a negative return on equity of 27.22%. The company had revenue of $1.09 billion for the quarter.

Wall Street Analyst Weigh In

A number of research firms have commented on LILAK. The Goldman Sachs Group reduced their price objective on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, December 4th. Scotiabank decreased their price objective on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research note on Friday, November 8th.

Insider Activity

In other news, Director Brendan J. Paddick purchased 18,011 shares of Liberty Latin America stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $6.12 per share, for a total transaction of $110,227.32. Following the acquisition, the director now directly owns 1,437,518 shares in the company, valued at $8,797,610.16. This represents a 1.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 156,298 shares of company stock worth $1,043,886 in the last ninety days. Corporate insiders own 9.66% of the company’s stock.

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.