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 purchased 31,989 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of $6.20 per share, with a total value of $198,331.80. Following the purchase, the director now owns 1,419,507 shares in the company, valued at approximately $8,800,943.40. This represents a 2.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Liberty Latin America Stock Performance

Shares of NASDAQ LILA opened at $6.39 on Thursday. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -2.18 and a beta of 1.04. The stock’s 50-day moving average is $7.85 and its 200 day moving average is $8.90. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. Liberty Latin America Ltd. has a 1-year low of $5.90 and a 1-year high of $10.81.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Intech Investment Management LLC purchased a new stake in shares of Liberty Latin America in the 3rd quarter valued at $104,000. SG Americas Securities LLC purchased a new stake in Liberty Latin America during the third quarter valued at about $120,000. Ground Swell Capital LLC bought a new position in shares of Liberty Latin America during the second quarter valued at about $122,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Liberty Latin America in the third quarter worth about $163,000. Finally, XTX Topco Ltd lifted its stake in shares of Liberty Latin America by 78.2% in the 2nd quarter. XTX Topco Ltd now owns 20,614 shares of the company’s stock valued at $198,000 after acquiring an additional 9,045 shares during the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

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.