Hartline Investment Corp Acquires New Stake in Liberty Latin America Ltd. (NASDAQ:LILAK)

Hartline Investment Corp acquired a new stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAKFree Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,541 shares of the company’s stock, valued at approximately $74,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its holdings in shares of Liberty Latin America by 1.8% in the 3rd quarter. Rhumbline Advisers now owns 240,227 shares of the company’s stock worth $1,960,000 after purchasing an additional 4,160 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Liberty Latin America by 543.7% in the 3rd quarter. Federated Hermes Inc. now owns 5,111 shares of the company’s stock worth $42,000 after purchasing an additional 4,317 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Liberty Latin America by 654.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 38,181 shares of the company’s stock worth $312,000 after purchasing an additional 33,117 shares in the last quarter. Teza Capital Management LLC bought a new stake in shares of Liberty Latin America in the 3rd quarter worth $134,000. Finally, Vanguard Group Inc. increased its holdings in shares of Liberty Latin America by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 3,230,293 shares of the company’s stock worth $26,359,000 after purchasing an additional 35,245 shares in the last quarter. Institutional investors own 52.98% of the company’s stock.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock traded down $0.05 during trading hours on Friday, hitting $9.11. The company’s stock had a trading volume of 861,725 shares, compared to its average volume of 1,119,517. The business has a 50 day moving average price of $8.64 and a two-hundred day moving average price of $7.54. Liberty Latin America Ltd. has a 12-month low of $5.95 and a 12-month high of $9.73. The company has a market cap of $1.80 billion, a PE ratio of -305.33 and a beta of 1.14.

Insider Buying and Selling

In other news, Director Brendan J. Paddick bought 150,000 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were bought at an average cost of $9.10 per share, for a total transaction of $1,365,000.00. Following the completion of the transaction, the director now owns 1,036,108 shares of the company’s stock, valued at $9,428,582.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Brendan J. Paddick acquired 150,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were acquired at an average cost of $9.10 per share, for a total transaction of $1,365,000.00. Following the completion of the transaction, the director now directly owns 1,036,108 shares in the company, valued at approximately $9,428,582.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Brendan J. Paddick acquired 250,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were bought at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the transaction, the director now owns 886,108 shares of the company’s stock, valued at $7,842,055.80. The disclosure for this purchase can be found here. 9.66% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LILAK. Scotiabank upgraded Liberty Latin America from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $7.70 to $10.70 in a research note on Monday, May 13th. Pivotal Research raised their price target on Liberty Latin America from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, StockNews.com downgraded Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Friday, March 8th.

Check Out Our Latest Analysis on LILAK

About Liberty Latin America

(Free Report)

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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Institutional Ownership by Quarter for Liberty Latin America (NASDAQ:LILAK)

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