Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick Acquires 31,514 Shares

Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick acquired 31,514 shares of the firm’s stock in a transaction on Wednesday, December 4th. The shares were bought at an average cost of $6.71 per share, with a total value of $211,458.94. Following the completion of the acquisition, the director now owns 1,940,094 shares in the company, valued at $13,018,030.74. This represents a 1.65 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Liberty Latin America Trading Down 2.0 %

Shares of Liberty Latin America stock traded down $0.14 during trading on Wednesday, hitting $6.81. The stock had a trading volume of 1,162,221 shares, compared to its average volume of 999,976. The stock has a 50 day simple moving average of $8.65 and a 200 day simple moving average of $9.11. The company has a market capitalization of $1.34 billion, a PE ratio of -2.33 and a beta of 1.04. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. Liberty Latin America Ltd. has a 1 year low of $5.95 and a 1 year high of $10.93.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LILAK. The Goldman Sachs Group reduced their price target on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday. Scotiabank cut their price objective on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. StockNews.com downgraded shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Pivotal Research cut their price objective on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 12th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its holdings in shares of Liberty Latin America by 10.2% during the third quarter. Franklin Resources Inc. now owns 91,461 shares of the company’s stock worth $868,000 after purchasing an additional 8,454 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Liberty Latin America during the third quarter worth approximately $801,000. Virtu Financial LLC acquired a new stake in shares of Liberty Latin America during the third quarter worth approximately $591,000. Geode Capital Management LLC boosted its holdings in shares of Liberty Latin America by 1.2% during the third quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock worth $32,073,000 after purchasing an additional 39,711 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Liberty Latin America by 55.8% during the third quarter. Barclays PLC now owns 200,249 shares of the company’s stock worth $1,900,000 after purchasing an additional 71,734 shares during the period. 52.98% of the stock is owned by hedge funds and other institutional investors.

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.