Zacks Investment Management Acquires Shares of 67,643 Liberty Latin America Ltd. (NASDAQ:LILA)

Zacks Investment Management acquired a new stake in shares of Liberty Latin America Ltd. (NASDAQ:LILA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 67,643 shares of the company’s stock, valued at approximately $648,000.

Several other institutional investors have also bought and sold shares of LILA. Vanguard Group Inc. lifted its position in Liberty Latin America by 2.0% during the first quarter. Vanguard Group Inc. now owns 1,294,672 shares of the company’s stock valued at $9,024,000 after purchasing an additional 24,840 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Liberty Latin America by 11.0% during the second quarter. Bank of New York Mellon Corp now owns 135,083 shares of the company’s stock valued at $1,298,000 after purchasing an additional 13,406 shares during the last quarter. Banco Santander S.A. bought a new position in Liberty Latin America during the second quarter valued at $5,203,000. Principal Financial Group Inc. lifted its position in Liberty Latin America by 7.4% during the second quarter. Principal Financial Group Inc. now owns 22,129 shares of the company’s stock valued at $213,000 after purchasing an additional 1,523 shares during the last quarter. Finally, Ground Swell Capital LLC bought a new position in Liberty Latin America during the second quarter valued at $122,000. Institutional investors own 18.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 4th.

Insider Transactions at Liberty Latin America

In related news, Director Brendan J. Paddick purchased 31,514 shares of Liberty Latin America stock in a transaction that occurred on Wednesday, December 4th. The shares were bought at an average price of $6.71 per share, with a total value of $211,458.94. Following the purchase, the director now directly owns 1,940,094 shares of the company’s stock, valued at approximately $13,018,030.74. This represents a 1.65 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders bought 106,298 shares of company stock worth $735,327. 11.35% of the stock is currently owned by insiders.

Liberty Latin America Price Performance

Liberty Latin America stock opened at $6.83 on Wednesday. The firm has a 50-day moving average price of $8.46 and a 200-day moving average price of $9.07. The firm has a market capitalization of $1.34 billion, a PE ratio of -2.33 and a beta of 1.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. Liberty Latin America Ltd. has a 12-month low of $5.90 and a 12-month high of $10.81.

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.