Sterneck Capital Management LLC Has $459,000 Position in Liberty Latin America Ltd. (NASDAQ:LILAK)

Sterneck Capital Management LLC grew its holdings in Liberty Latin America Ltd. (NASDAQ:LILAK) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 72,408 shares of the company’s stock after buying an additional 9,361 shares during the quarter. Sterneck Capital Management LLC’s holdings in Liberty Latin America were worth $459,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. increased its stake in shares of Liberty Latin America by 6.7% in the 2nd quarter. Principal Financial Group Inc. now owns 66,269 shares of the company’s stock valued at $638,000 after buying an additional 4,180 shares during the period. nVerses Capital LLC acquired a new stake in Liberty Latin America in the third quarter worth about $55,000. The Manufacturers Life Insurance Company raised its holdings in Liberty Latin America by 9.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 71,204 shares of the company’s stock worth $685,000 after purchasing an additional 6,387 shares during the last quarter. Franklin Resources Inc. lifted its position in 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 purchasing an additional 8,454 shares during the period. Finally, State Street Corp boosted its stake in shares of Liberty Latin America by 0.4% in the 3rd quarter. State Street Corp now owns 3,290,866 shares of the company’s stock valued at $31,230,000 after purchasing an additional 11,510 shares during the last quarter. 52.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Liberty Latin America news, Director Brendan J. Paddick acquired 18,011 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of $6.12 per share, for a total transaction of $110,227.32. Following the transaction, the director now owns 1,437,518 shares of the company’s stock, valued at $8,797,610.16. This trade represents a 1.27 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have bought 156,298 shares of company stock worth $1,043,886. Company insiders own 9.66% of the company’s stock.

Liberty Latin America Stock Performance

Shares of NASDAQ:LILAK opened at $6.67 on Wednesday. The firm’s 50 day simple moving average is $7.10 and its 200 day simple moving average is $8.73. Liberty Latin America Ltd. has a fifty-two week low of $5.95 and a fifty-two week high of $10.93. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -2.28 and a beta of 1.04. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06.

Analyst Upgrades and Downgrades

LILAK has been the topic of several analyst reports. Scotiabank cut their price objective on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. The Goldman Sachs Group dropped their target price 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 Company Profile

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.