Liberty Latin America Ltd. (NASDAQ:LILAK) Shares Acquired by Nordea Investment Management AB

Nordea Investment Management AB lifted its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 858,471 shares of the company’s stock after purchasing an additional 29,223 shares during the quarter. Nordea Investment Management AB owned about 0.44% of Liberty Latin America worth $5,387,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LILAK. Franklin Resources Inc. raised its position in shares of Liberty Latin America by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 91,461 shares of the company’s stock worth $868,000 after buying an additional 8,454 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Liberty Latin America in the 3rd quarter worth $801,000. Virtu Financial LLC purchased a new position in shares of Liberty Latin America in the 3rd quarter worth $591,000. Geode Capital Management LLC raised its position in shares of Liberty Latin America by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock worth $32,073,000 after buying an additional 39,711 shares during the period. Finally, Barclays PLC raised its position in shares of Liberty Latin America by 55.8% in the 3rd quarter. Barclays PLC now owns 200,249 shares of the company’s stock worth $1,900,000 after buying an additional 71,734 shares during the period. Institutional investors and hedge funds own 52.98% of the company’s stock.

Insider Buying and Selling at Liberty Latin America

In other Liberty Latin America news, Director Brendan J. Paddick purchased 18,011 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of $6.12 per share, with a total value of $110,227.32. Following the completion of the acquisition, the director now owns 1,437,518 shares in the company, valued at approximately $8,797,610.16. This represents a 1.27 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 156,298 shares of company stock worth $1,043,886 over the last ninety days. Company insiders own 9.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on LILAK. The Goldman Sachs Group cut their price objective 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 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.

Liberty Latin America Stock Performance

Shares of LILAK stock opened at $6.48 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. The business has a 50 day moving average of $6.98 and a two-hundred day moving average of $8.70. Liberty Latin America Ltd. has a 52 week low of $5.95 and a 52 week high of $10.93. The company has a market cap of $1.27 billion, a P/E ratio of -2.21 and a beta of 1.04.

Liberty Latin America 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.