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

Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick bought 35,475 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was purchased at an average cost of $7.04 per share, for a total transaction of $249,744.00. Following the completion of the acquisition, the director now owns 1,273,443 shares in the company, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Latin America Price Performance

Shares of NASDAQ:LILAK opened at $6.91 on Friday. Liberty Latin America Ltd. has a one year low of $5.95 and a one year high of $10.93. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -2.39 and a beta of 1.12. The firm has a 50 day simple moving average of $8.79 and a 200 day simple moving average of $9.13.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Liberty Latin America by 29.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company’s stock worth $132,000 after acquiring an additional 3,150 shares during the last quarter. Principal Financial Group Inc. boosted its stake 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 valued at $638,000 after purchasing an additional 4,180 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Liberty Latin America by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 110,116 shares of the company’s stock worth $770,000 after purchasing an additional 4,487 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of Liberty Latin America during the third quarter worth about $55,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Liberty Latin America by 9.9% in the 2nd 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 during the last quarter. 52.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.