Liberty Latin America Ltd. (NASDAQ:LILA) Director Acquires $249,744.00 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Brendan J. Paddick purchased 35,475 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was acquired at an average price of $7.04 per share, with a total value of $249,744.00. Following the completion of the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Latin America Trading Down 1.4 %

Shares of Liberty Latin America stock opened at $6.96 on Friday. Liberty Latin America Ltd. has a twelve month low of $5.90 and a twelve month high of $10.81. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. The business has a 50-day moving average price of $8.84 and a 200-day moving average price of $9.14. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -2.38 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. Intech Investment Management LLC purchased a new stake in shares of Liberty Latin America during the 3rd quarter worth approximately $104,000. SG Americas Securities LLC bought a new stake in Liberty Latin America in the third quarter worth $120,000. Ground Swell Capital LLC bought a new stake in Liberty Latin America in the second quarter worth $122,000. DekaBank Deutsche Girozentrale raised its stake in Liberty Latin America by 304.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock valued at $149,000 after purchasing an additional 16,215 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Liberty Latin America during the third quarter valued at $163,000. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Analysts Set New Price Targets

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

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.