Liberty Latin America Ltd. (NASDAQ:LILAK) Shares Acquired by UMB Bank n.a.

UMB Bank n.a. increased its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 970.4% in the fourth quarter, Holdings Channel reports. The firm owned 282,937 shares of the company’s stock after buying an additional 256,504 shares during the quarter. UMB Bank n.a.’s holdings in Liberty Latin America were worth $1,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of Liberty Latin America by 11.6% in the second quarter. American Century Companies Inc. now owns 217,427 shares of the company’s stock valued at $2,092,000 after buying an additional 22,580 shares during the last quarter. XTX Topco Ltd acquired a new position in Liberty Latin America in the 2nd quarter valued at about $593,000. Canada Pension Plan Investment Board purchased a new stake in Liberty Latin America during the 2nd quarter valued at approximately $1,894,000. AQR Capital Management LLC lifted its position in Liberty Latin America by 77.9% during the 2nd quarter. AQR Capital Management LLC now owns 243,788 shares of the company’s stock worth $2,345,000 after acquiring an additional 106,721 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Liberty Latin America by 305.1% in the 2nd quarter. Millennium Management LLC now owns 986,782 shares of the company’s stock valued at $9,493,000 after purchasing an additional 743,197 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

Insiders Place Their Bets

In other Liberty Latin America news, Director Brendan J. Paddick acquired 5,053 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average cost of $6.93 per share, for a total transaction of $35,017.29. Following the transaction, the director now directly owns 1,343,021 shares of the company’s stock, valued at approximately $9,307,135.53. This represents a 0.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders acquired 156,298 shares of company stock worth $1,043,886. 9.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LILAK has been the subject of several analyst reports. Scotiabank cut their price target on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research note on Friday, November 8th. 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.

Liberty Latin America Stock Performance

Shares of LILAK stock opened at $6.66 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. The stock has a 50 day simple moving average of $6.64 and a 200-day simple moving average of $8.55. The company has a market cap of $1.31 billion, a price-to-earnings ratio of -2.27 and a beta of 1.04. Liberty Latin America Ltd. has a 12-month low of $5.95 and a 12-month high of $10.93.

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.