State Street Corp Grows Stock Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

State Street Corp increased its stake in Liberty Latin America Ltd. (NASDAQ:LILAK) by 0.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,290,866 shares of the company’s stock after buying an additional 11,510 shares during the period. State Street Corp’s holdings in Liberty Latin America were worth $31,230,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LILAK. FMR LLC increased its stake in Liberty Latin America by 69.2% during the 3rd quarter. FMR LLC now owns 15,600,000 shares of the company’s stock valued at $148,044,000 after purchasing an additional 6,379,203 shares in the last quarter. Banco Santander S.A. bought a new stake in shares of Liberty Latin America during the second quarter valued at approximately $13,188,000. Millennium Management LLC increased its position in shares of Liberty Latin America by 305.1% during the second quarter. Millennium Management LLC now owns 986,782 shares of the company’s stock valued at $9,493,000 after acquiring an additional 743,197 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Liberty Latin America by 24.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock worth $29,045,000 after acquiring an additional 600,689 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Liberty Latin America in the 2nd quarter valued at approximately $1,894,000. Institutional investors own 52.98% of the company’s stock.

Liberty Latin America Trading Up 0.2 %

Shares of LILAK stock opened at $6.23 on Friday. 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 12-month low of $5.95 and a 12-month high of $10.93. The stock has a market capitalization of $1.23 billion, a P/E ratio of -2.13 and a beta of 1.04. The firm’s 50 day moving average is $7.90 and its 200 day moving average is $8.92.

Insider Activity

In other Liberty Latin America news, Director Brendan J. Paddick acquired 31,514 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were bought at an average price of $6.71 per share, with a total value of $211,458.94. Following the completion of the acquisition, the director now owns 1,940,094 shares in the company, valued at $13,018,030.74. This represents a 1.65 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 106,298 shares of company stock valued at $735,327 in the last ninety days. 9.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on LILAK shares. The Goldman Sachs Group reduced their target price on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Scotiabank reduced their price objective on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a report on Friday, November 8th.

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.