Insider Buying: Liberty Latin America Ltd. (NASDAQ:LILAK) Director Purchases 35,475 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick bought 35,475 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were bought at an average price of $7.04 per share, with a total value of $249,744.00. Following the transaction, the director now owns 1,273,443 shares of the company’s stock, valued at $8,965,038.72. The trade was a 2.87 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Latin America Trading Down 1.4 %

LILAK opened at $6.91 on Monday. The stock has a 50-day moving average of $8.74 and a 200 day moving average of $9.13. Liberty Latin America Ltd. has a 12 month low of $5.95 and a 12 month high of $10.93. The firm has a market cap of $1.36 billion, a P/E ratio of -2.36 and a beta of 1.12.

Hedge Funds Weigh In On Liberty Latin America

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC raised its holdings in Liberty Latin America by 69.2% during the 3rd quarter. FMR LLC now owns 15,600,000 shares of the company’s stock valued at $148,044,000 after buying an additional 6,379,203 shares during the period. Geode Capital Management LLC raised its stake in shares of Liberty Latin America by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock valued at $32,073,000 after acquiring an additional 39,711 shares during the period. State Street Corp lifted its holdings in shares of 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 acquiring an additional 11,510 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Liberty Latin America by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock worth $22,867,000 after purchasing an additional 197,988 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Liberty Latin America by 24.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock valued at $29,045,000 after purchasing an additional 600,689 shares during the last quarter. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Analysts Set New Price Targets

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

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.