Jane Street Group LLC Has $1.79 Million Stock Position in Liberty Latin America Ltd. (NASDAQ:LILAK)

Jane Street Group LLC lowered its position in Liberty Latin America Ltd. (NASDAQ:LILAK) by 56.4% during the 3rd quarter, Holdings Channel reports. The fund owned 188,455 shares of the company’s stock after selling 243,345 shares during the period. Jane Street Group LLC’s holdings in Liberty Latin America were worth $1,788,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC grew its position in Liberty Latin America by 69.2% in 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 during the period. Millennium Management LLC lifted its stake in shares of Liberty Latin America by 305.1% in the second quarter. Millennium Management LLC now owns 986,782 shares of the company’s stock valued at $9,493,000 after buying an additional 743,197 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Liberty Latin America by 24.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock valued at $29,045,000 after buying an additional 600,689 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Liberty Latin America during the second quarter worth about $1,894,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of Liberty Latin America in the 3rd quarter worth about $1,041,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

Analyst Ratings Changes

LILAK has been the topic of several analyst reports. The Goldman Sachs Group cut their target price on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Scotiabank cut their price objective on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a report on Friday, November 8th.

Liberty Latin America Trading Up 3.6 %

NASDAQ LILAK opened at $6.35 on Thursday. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -2.17 and a beta of 1.04. The business’s fifty day moving average is $7.70 and its 200-day moving average is $8.86. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. Liberty Latin America Ltd. has a one year low of $5.95 and a one year high of $10.93.

Insiders Place Their Bets

In other news, Director Brendan J. Paddick purchased 5,053 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was bought at an average price of $6.93 per share, for a total transaction of $35,017.29. Following the purchase, the director now owns 1,343,021 shares of the company’s stock, valued at $9,307,135.53. The trade was a 0.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have purchased 156,298 shares of company stock valued at $1,043,886. Company insiders own 9.66% of the company’s stock.

About Liberty Latin America

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.