Brendan J. Paddick Buys 35,475 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK) Stock

Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick purchased 35,475 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average price of $7.04 per share, with a total value of $249,744.00. Following the purchase, the director now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Latin America Price Performance

Shares of NASDAQ:LILAK opened at $6.91 on Friday. 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 capitalization of $1.36 billion, a P/E ratio of -2.36 and a beta of 1.12. The company’s fifty day moving average price is $8.74 and its 200 day moving average price is $9.12.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LILAK. Scotiabank decreased their price objective on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. Pivotal Research decreased their price target on Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a report on Monday, August 12th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $10.50 price objective (up previously from $9.30) on shares of Liberty Latin America in a report on Wednesday, September 4th. Finally, StockNews.com cut Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Institutional Trading of Liberty Latin America

Several institutional investors and hedge funds have recently made changes to their positions in LILAK. nVerses Capital LLC purchased a new position in Liberty Latin America during the 3rd quarter worth approximately $55,000. Algert Global LLC acquired a new stake in shares of Liberty Latin America in the second quarter valued at approximately $126,000. Quantinno Capital Management LP purchased a new position in shares of Liberty Latin America during the third quarter worth approximately $125,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Liberty Latin America by 29.9% in the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company’s stock valued at $132,000 after acquiring an additional 3,150 shares during the period. Finally, Verition Fund Management LLC purchased a new stake in Liberty Latin America in the 3rd quarter valued at $187,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

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.