Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick Purchases 5,053 Shares

Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick acquired 5,053 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was acquired at an average cost of $6.93 per share, for a total transaction of $35,017.29. Following the completion of the purchase, the director now owns 1,343,021 shares in the company, valued at $9,307,135.53. The trade was a 0.38 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Liberty Latin America Trading Down 1.4 %

Liberty Latin America stock opened at $6.91 on Friday. The stock has a fifty day moving average price of $8.79 and a 200 day moving average price of $9.13. 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 $1.36 billion, a P/E ratio of -2.39 and a beta of 1.12.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Liberty Latin America

Institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its holdings in shares of Liberty Latin America by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 91,461 shares of the company’s stock valued at $868,000 after acquiring an additional 8,454 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Liberty Latin America during the third quarter worth about $801,000. Virtu Financial LLC purchased a new stake in shares of Liberty Latin America in the third quarter worth about $591,000. Geode Capital Management LLC grew its stake in shares of Liberty Latin America by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock valued at $32,073,000 after buying an additional 39,711 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Liberty Latin America by 55.8% during the 3rd quarter. Barclays PLC now owns 200,249 shares of the company’s stock valued at $1,900,000 after buying an additional 71,734 shares during the period. Institutional investors and hedge funds own 52.98% of the company’s stock.

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.