Insider Buying: Liberty Latin America Ltd. (NASDAQ:LILAK) Director Buys $110,227.32 in Stock

Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick bought 18,011 shares of Liberty Latin America stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $6.12 per share, with a total value of $110,227.32. Following the completion of the acquisition, the director now directly owns 1,437,518 shares of the company’s stock, valued at approximately $8,797,610.16. The trade was a 1.27 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Liberty Latin America Price Performance

Liberty Latin America stock opened at $6.35 on Thursday. 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 firm’s 50-day simple moving average is $7.70 and its 200 day simple moving average is $8.86. Liberty Latin America Ltd. has a 52 week low of $5.95 and a 52 week high of $10.93. The firm has a market capitalization of $1.25 billion, a PE ratio of -2.17 and a beta of 1.04.

Institutional Trading of Liberty Latin America

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its stake in Liberty Latin America by 8.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 583,018 shares of the company’s stock valued at $5,609,000 after buying an additional 46,919 shares in the last quarter. Banco Santander S.A. acquired a new position in shares of Liberty Latin America in the second quarter worth $13,188,000. Principal Financial Group Inc. lifted its position in shares of Liberty Latin America by 6.7% in the second quarter. Principal Financial Group Inc. now owns 66,269 shares of the company’s stock valued at $638,000 after acquiring an additional 4,180 shares in the last quarter. American Century Companies Inc. increased its position in Liberty Latin America by 11.6% during the 2nd quarter. American Century Companies Inc. now owns 217,427 shares of the company’s stock worth $2,092,000 after purchasing an additional 22,580 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in Liberty Latin America during the 2nd quarter worth about $593,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group cut their price objective on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Scotiabank reduced 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.

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.