Empowered Funds LLC Raises Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

Empowered Funds LLC boosted its position in Liberty Latin America Ltd. (NASDAQ:LILAK) by 5.1% in the 4th quarter, Holdings Channel reports. The firm owned 936,783 shares of the company’s stock after acquiring an additional 45,635 shares during the quarter. Empowered Funds LLC’s holdings in Liberty Latin America were worth $5,939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KBC Group NV grew its position in shares of Liberty Latin America by 62.5% in the fourth quarter. KBC Group NV now owns 11,879 shares of the company’s stock valued at $75,000 after purchasing an additional 4,571 shares in the last quarter. nVerses Capital LLC acquired a new position in Liberty Latin America during the third quarter worth $55,000. The Manufacturers Life Insurance Company grew its holdings in Liberty Latin America by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 71,204 shares of the company’s stock valued at $685,000 after buying an additional 6,387 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Liberty Latin America by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 91,461 shares of the company’s stock worth $868,000 after acquiring an additional 8,454 shares during the last quarter. Finally, Sterneck Capital Management LLC increased its stake in shares of Liberty Latin America by 14.8% in the 4th quarter. Sterneck Capital Management LLC now owns 72,408 shares of the company’s stock worth $459,000 after acquiring an additional 9,361 shares during the last quarter. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Insider Activity at Liberty Latin America

In other news, Director Brendan J. Paddick bought 5,053 shares of the business’s stock in a transaction on Friday, November 29th. The shares were bought at an average price of $6.93 per share, with a total value of $35,017.29. Following the completion of the transaction, the director now directly owns 1,343,021 shares in the company, valued at $9,307,135.53. This trade represents a 0.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have purchased 156,298 shares of company stock worth $1,043,886. Company insiders own 9.66% of the company’s stock.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock opened at $6.87 on Wednesday. The firm has a market cap of $1.35 billion, a PE ratio of -2.34 and a beta of 1.02. 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 52 week low of $5.88 and a 52 week high of $10.93. The business’s fifty day simple moving average is $6.54 and its 200-day simple moving average is $8.19.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LILAK. The Goldman Sachs Group lowered 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, December 4th. Scotiabank decreased their target price on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a report on Friday, November 8th.

Liberty Latin America 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.