Liberty Latin America Ltd. (NASDAQ:LILAK) Shares Purchased by Empowered Funds LLC

Empowered Funds LLC boosted its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 5.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 891,148 shares of the company’s stock after buying an additional 45,426 shares during the quarter. Empowered Funds LLC’s holdings in Liberty Latin America were worth $8,457,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LILAK. Russell Investments Group Ltd. increased its stake in Liberty Latin America by 74.0% during the first quarter. Russell Investments Group Ltd. now owns 352,669 shares of the company’s stock worth $2,465,000 after purchasing an additional 150,007 shares during the period. Vanguard Group Inc. grew its stake in shares of Liberty Latin America by 6.4% in the first quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock worth $22,867,000 after acquiring an additional 197,988 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Liberty Latin America during the second quarter worth $593,000. Algert Global LLC acquired a new stake in Liberty Latin America in the 2nd quarter valued at about $126,000. Finally, nVerses Capital LLC purchased a new position in shares of Liberty Latin America in the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Latin America Trading Down 0.8 %

Shares of LILAK stock opened at $6.39 on Friday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -2.18 and a beta of 1.12. The firm has a 50-day moving average price of $9.23 and a 200 day moving average price of $9.21. Liberty Latin America Ltd. has a twelve month low of $5.95 and a twelve month high of $10.93.

Wall Street Analysts Forecast Growth

LILAK has been the subject of several recent analyst reports. Pivotal Research decreased their price objective on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Scotiabank cut their price target on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $10.50 price target (up previously from $9.30) on shares of Liberty Latin America in a research report on Wednesday, September 4th. Finally, StockNews.com downgraded shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Insider Activity

In other news, CAO Brian D. Zook sold 26,197 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total value of $250,967.26. Following the completion of the sale, the chief accounting officer now owns 28,788 shares of the company’s stock, valued at $275,789.04. This represents a 47.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.66% of the company’s stock.

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.