American Century Companies Inc. Acquires 22,580 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

American Century Companies Inc. grew its position in Liberty Latin America Ltd. (NASDAQ:LILAK) by 11.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 217,427 shares of the company’s stock after buying an additional 22,580 shares during the quarter. American Century Companies Inc. owned 0.11% of Liberty Latin America worth $2,092,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in LILAK. Banco Santander S.A. bought a new stake in shares of Liberty Latin America in the 2nd quarter valued at $13,188,000. Norges Bank purchased a new stake in Liberty Latin America during the fourth quarter worth about $8,712,000. Genesis Investment Management LLP increased its holdings in Liberty Latin America by 39.4% during the second quarter. Genesis Investment Management LLP now owns 2,609,237 shares of the company’s stock worth $25,101,000 after buying an additional 737,883 shares during the last quarter. DAVENPORT & Co LLC boosted its position in Liberty Latin America by 8.9% during the first quarter. DAVENPORT & Co LLC now owns 3,559,940 shares of the company’s stock worth $24,884,000 after purchasing an additional 291,155 shares during the period. Finally, Vanguard Group Inc. boosted its position in Liberty Latin America by 6.4% during the first quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock worth $22,867,000 after purchasing an additional 197,988 shares during the period. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LILAK shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $10.50 target price (up from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th. StockNews.com cut shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Pivotal Research dropped their price target on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 12th.

Liberty Latin America Stock Performance

Shares of LILAK stock opened at $9.76 on Friday. The stock’s 50-day simple moving average is $9.65 and its 200-day simple moving average is $8.72. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -325.33 and a beta of 1.14. Liberty Latin America Ltd. has a fifty-two week low of $5.95 and a fifty-two week high of $10.93.

Liberty Latin America (NASDAQ:LILAK) last announced its earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.14). The firm had revenue of $1.12 billion during the quarter.

Insider Transactions at Liberty Latin America

In other Liberty Latin America news, CAO Brian D. Zook sold 26,197 shares of the 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 sale, the chief accounting officer now owns 28,788 shares of the company’s stock, valued at approximately $275,789.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Brian D. Zook sold 26,197 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total transaction of $250,967.26. Following the transaction, the chief accounting officer now owns 28,788 shares in the company, valued at approximately $275,789.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Dustin Henderson sold 5,906 shares of Liberty Latin America stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total value of $59,060.00. Following the completion of the transaction, the insider now owns 1,600 shares in the company, valued at $16,000. The disclosure for this sale can be found here. Company 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.