ClearAlpha Technologies LP Makes New Investment in Liberty Latin America Ltd. (NASDAQ:LILAK)

ClearAlpha Technologies LP acquired a new stake in Liberty Latin America Ltd. (NASDAQ:LILAK) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 27,234 shares of the company’s stock, valued at approximately $258,000.

Other institutional investors have also modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of Liberty Latin America during the 3rd quarter worth about $55,000. Algert Global LLC bought a new stake in Liberty Latin America in the second quarter worth about $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its position in shares of Liberty Latin America by 29.9% during the second 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 buying an additional 3,150 shares during the period. Verition Fund Management LLC bought a new position in shares of Liberty Latin America during the third quarter valued at approximately $187,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Liberty Latin America in the third quarter worth approximately $209,000. 52.98% of the stock is owned by institutional investors.

Insider Activity

In other Liberty Latin America news, Director Brendan J. Paddick acquired 35,475 shares of Liberty Latin America stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average price of $7.04 per share, with a total value of $249,744.00. Following the completion of the purchase, the director now directly owns 1,273,443 shares of the company’s stock, valued at approximately $8,965,038.72. This represents a 2.87 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.66% of the company’s stock.

Analysts Set New Price Targets

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

Liberty Latin America Stock Up 1.7 %

LILAK opened at $7.03 on Tuesday. Liberty Latin America Ltd. has a 52 week low of $5.95 and a 52 week high of $10.93. The stock’s fifty day moving average is $8.70 and its two-hundred day moving average is $9.12. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06.

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.