Insider Buying: Liberty Latin America Ltd. (NASDAQ:LILAK) Director Buys $249,744.00 in Stock

Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick purchased 35,475 shares of Liberty Latin America stock in a transaction dated Tuesday, November 26th. The stock was bought at an average price of $7.04 per share, with a total value of $249,744.00. Following the completion of the purchase, the director now directly owns 1,273,443 shares of the company’s stock, valued at approximately $8,965,038.72. This trade represents a 2.87 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Latin America Price Performance

Shares of LILAK stock opened at $6.91 on Monday. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -2.36 and a beta of 1.12. Liberty Latin America Ltd. has a 1 year low of $5.95 and a 1 year high of $10.93. The firm has a fifty day moving average price of $8.74 and a 200-day moving average price of $9.13.

Institutional Trading of Liberty Latin America

Several hedge funds have recently bought and sold shares of the stock. FMR LLC boosted its position in shares of 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 purchasing an additional 6,379,203 shares during the period. Geode Capital Management LLC boosted its holdings in Liberty Latin America by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock worth $32,073,000 after buying an additional 39,711 shares during the period. State Street Corp boosted its holdings in Liberty Latin America by 0.4% in the 3rd quarter. State Street Corp now owns 3,290,866 shares of the company’s stock worth $31,230,000 after buying an additional 11,510 shares during the period. Vanguard Group Inc. increased its stake in Liberty Latin America by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock worth $22,867,000 after buying an additional 197,988 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Liberty Latin America by 24.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock valued at $29,045,000 after acquiring an additional 600,689 shares during the period. Institutional investors own 52.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LILAK shares. Scotiabank cut their target price on shares of 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. Pivotal Research cut their price objective on Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a report on Monday, August 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $10.50 target price (up previously from $9.30) on shares of Liberty Latin America in a report on Wednesday, September 4th. Finally, StockNews.com cut Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th.

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.