Insider Buying: Liberty Latin America Ltd. (NASDAQ:LILAK) Director Purchases $1,365,000.00 in Stock

Liberty Latin America Ltd. (NASDAQ:LILAK) Director Brendan J. Paddick bought 150,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was acquired at an average cost of $9.10 per share, with a total value of $1,365,000.00. Following the completion of the acquisition, the director now owns 1,036,108 shares of the company’s stock, valued at approximately $9,428,582.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Liberty Latin America Stock Up 2.5 %

NASDAQ LILAK opened at $9.44 on Friday. The company has a fifty day moving average of $8.44 and a two-hundred day moving average of $7.46. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of -314.56 and a beta of 1.11. Liberty Latin America Ltd. has a 52 week low of $5.95 and a 52 week high of $9.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LILAK. Ancora Advisors LLC lifted its position in shares of Liberty Latin America by 0.4% during the third quarter. Ancora Advisors LLC now owns 379,641 shares of the company’s stock worth $3,098,000 after purchasing an additional 1,630 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of 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 during the last quarter. Rhumbline Advisers lifted its position in shares of Liberty Latin America by 1.8% during the third quarter. Rhumbline Advisers now owns 240,227 shares of the company’s stock worth $1,960,000 after purchasing an additional 4,160 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of Liberty Latin America by 543.7% during the third quarter. Federated Hermes Inc. now owns 5,111 shares of the company’s stock worth $42,000 after purchasing an additional 4,317 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Liberty Latin America by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 110,116 shares of the company’s stock worth $770,000 after purchasing an additional 4,487 shares during the last quarter. 52.98% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on LILAK shares. Scotiabank raised shares of Liberty Latin America from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $7.70 to $10.70 in a report on Monday, May 13th. StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Finally, Pivotal Research lifted 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 note on Friday, May 10th.

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.