Insider Buying: Liberty Latin America Ltd. (NASDAQ:LILAK) Director Purchases $35,017.29 in Stock

Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick bought 5,053 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was purchased at an average price of $6.93 per share, with a total value of $35,017.29. Following the completion of the purchase, the director now directly owns 1,343,021 shares of the company’s stock, valued at $9,307,135.53. This represents a 0.38 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Liberty Latin America Stock Performance

Shares of NASDAQ:LILAK opened at $6.91 on Monday. The company’s fifty day moving average is $8.74 and its 200-day moving average is $9.13. Liberty Latin America Ltd. has a 52 week low of $5.95 and a 52 week high of $10.93. The company has a market capitalization of $1.36 billion, a PE ratio of -2.36 and a beta of 1.12.

Hedge Funds Weigh In On Liberty Latin America

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Liberty Latin America by 6.4% during the first 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. Price T Rowe Associates Inc. MD raised its position in Liberty Latin America by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 110,116 shares of the company’s stock valued at $770,000 after purchasing an additional 4,487 shares during the last quarter. Genesis Investment Management LLP raised its position in Liberty Latin America by 39.4% in the 2nd quarter. Genesis Investment Management LLP now owns 2,609,237 shares of the company’s stock valued at $25,101,000 after purchasing an additional 737,883 shares during the last quarter. Timber Creek Capital Management LLC grew its holdings in shares of Liberty Latin America by 20.6% during the second quarter. Timber Creek Capital Management LLC now owns 314,367 shares of the company’s stock worth $3,024,000 after purchasing an additional 53,744 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Liberty Latin America by 29.9% during the second 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. 52.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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