Insider Buying: Liberty Latin America Ltd. (NASDAQ:LILA) Director Purchases 31,989 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Brendan J. Paddick bought 31,989 shares of Liberty Latin America stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average cost of $6.20 per share, for a total transaction of $198,331.80. Following the purchase, the director now owns 1,419,507 shares in the company, valued at $8,800,943.40. This represents a 2.31 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Liberty Latin America Trading Down 1.6 %

Shares of NASDAQ LILA traded down $0.10 during midday trading on Monday, reaching $6.16. 602,903 shares of the stock were exchanged, compared to its average volume of 370,077. The stock has a 50 day moving average price of $7.98 and a 200-day moving average price of $8.94. 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 company has a market capitalization of $1.21 billion, a P/E ratio of -2.10 and a beta of 1.04. Liberty Latin America Ltd. has a 52-week low of $5.90 and a 52-week high of $10.81.

Institutional Trading of Liberty Latin America

Several hedge funds and other institutional investors have recently bought and sold shares of LILA. FMR LLC lifted its stake in shares of Liberty Latin America by 60,327.0% during the 3rd quarter. FMR LLC now owns 2,160,869 shares of the company’s stock worth $20,701,000 after purchasing an additional 2,157,293 shares during the period. Banco Santander S.A. increased its stake in Liberty Latin America by 47.8% in the third quarter. Banco Santander S.A. now owns 800,000 shares of the company’s stock valued at $7,664,000 after purchasing an additional 258,631 shares during the last quarter. Virtu Financial LLC lifted its position in Liberty Latin America by 173.1% during the second quarter. Virtu Financial LLC now owns 332,077 shares of the company’s stock worth $3,191,000 after buying an additional 210,483 shares during the period. Mackenzie Financial Corp boosted its stake in Liberty Latin America by 0.9% in the 2nd quarter. Mackenzie Financial Corp now owns 230,571 shares of the company’s stock worth $2,216,000 after buying an additional 2,007 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Liberty Latin America in the 2nd quarter valued at about $2,073,000. 18.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Liberty Latin America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 4th.

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.