Wilmington Savings Fund Society FSB Purchases New Shares in Liberty Latin America Ltd. (NASDAQ:LILAK)

Wilmington Savings Fund Society FSB acquired a new position in Liberty Latin America Ltd. (NASDAQ:LILAK) during the third quarter, Holdings Channel.com reports. The firm acquired 84,370 shares of the company’s stock, valued at approximately $801,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LILAK. nVerses Capital LLC acquired a new stake in shares of Liberty Latin America during the third quarter worth approximately $55,000. Algert Global LLC bought a new position in Liberty Latin America during the 2nd quarter valued at $126,000. Quantinno Capital Management LP acquired a new position in Liberty Latin America during the 3rd quarter worth $125,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in shares of Liberty Latin America by 29.9% in 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 purchasing an additional 3,150 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new stake in shares of Liberty Latin America in the 3rd quarter valued at about $187,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Brendan J. Paddick acquired 35,475 shares of the business’s 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 transaction, the director now directly owns 1,273,443 shares in the company, valued at $8,965,038.72. This trade represents a 2.87 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders purchased 106,298 shares of company stock valued at $735,327. 9.66% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group lowered their price objective on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Scotiabank lowered their price target on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a report on Friday, November 8th.

Liberty Latin America Price Performance

Shares of NASDAQ:LILAK opened at $6.67 on Monday. The company has a market cap of $1.31 billion, a PE ratio of -2.28 and a beta of 1.04. Liberty Latin America Ltd. has a fifty-two week low of $5.95 and a fifty-two week high of $10.93. The firm has a 50-day simple moving average of $8.20 and a 200 day simple moving average of $9.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31.

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.