Insider Buying: Liberty Latin America Ltd. (NASDAQ:LILAK) Director Purchases 250,000 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILAKGet Free Report) Director Brendan J. Paddick acquired 250,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was acquired at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the acquisition, the director now directly owns 886,108 shares of the company’s stock, valued at approximately $7,842,055.80. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Liberty Latin America Trading Up 1.0 %

Shares of Liberty Latin America stock traded up $0.09 on Tuesday, reaching $9.09. 1,054,342 shares of the stock were exchanged, compared to its average volume of 1,117,105. Liberty Latin America Ltd. has a 1-year low of $5.95 and a 1-year high of $9.73. The business has a fifty day moving average price of $8.32 and a two-hundred day moving average price of $7.42.

Hedge Funds Weigh In On Liberty Latin America

Several institutional investors and hedge funds have recently added to or reduced their stakes in LILAK. Ancora Advisors LLC grew its holdings in shares of Liberty Latin America by 0.4% in the 3rd quarter. Ancora Advisors LLC now owns 379,641 shares of the company’s stock worth $3,098,000 after acquiring an additional 1,630 shares during the period. ProShare Advisors LLC boosted its position in Liberty Latin America by 8.5% during the first quarter. ProShare Advisors LLC now owns 24,721 shares of the company’s stock worth $173,000 after purchasing an additional 1,944 shares in the last quarter. Rhumbline Advisers increased its position in shares of Liberty Latin America by 1.8% in the third quarter. Rhumbline Advisers now owns 240,227 shares of the company’s stock valued at $1,960,000 after buying an additional 4,160 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Liberty Latin America by 543.7% during the 3rd quarter. Federated Hermes Inc. now owns 5,111 shares of the company’s stock worth $42,000 after buying an additional 4,317 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in Liberty Latin America by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 110,116 shares of the company’s stock valued at $770,000 after acquiring an additional 4,487 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on LILAK shares. Scotiabank raised Liberty Latin America from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $7.70 to $10.70 in a report on Monday, May 13th. StockNews.com cut Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Finally, Pivotal Research raised their price objective on shares of Liberty Latin America from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, May 10th.

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About Liberty Latin America

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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.

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Insider Buying and Selling by Quarter for Liberty Latin America (NASDAQ:LILAK)

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