Verition Fund Management LLC Invests $187,000 in Liberty Latin America Ltd. (NASDAQ:LILAK)

Verition Fund Management LLC acquired a new stake in Liberty Latin America Ltd. (NASDAQ:LILAK) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,720 shares of the company’s stock, valued at approximately $187,000.

Other large investors have also bought and sold shares of the company. FMR LLC boosted its stake in shares of 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 last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 acquiring an additional 600,689 shares during the last quarter. Banco Santander S.A. bought a new stake in Liberty Latin America during the second quarter valued at $13,188,000. Millennium Management LLC grew its holdings in Liberty Latin America by 305.1% during the 2nd quarter. Millennium Management LLC now owns 986,782 shares of the company’s stock worth $9,493,000 after acquiring an additional 743,197 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Liberty Latin America by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 891,148 shares of the company’s stock worth $8,457,000 after acquiring an additional 45,426 shares in the last quarter. 52.98% of the stock is owned by institutional investors.

Liberty Latin America Trading Down 1.0 %

NASDAQ LILAK opened at $6.60 on Tuesday. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -2.25 and a beta of 1.04. The business’s fifty day moving average is $8.14 and its 200-day moving average is $8.99. 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.

Insider Buying and Selling

In related news, Director Brendan J. Paddick acquired 5,053 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average price of $6.93 per share, with a total value of $35,017.29. Following the acquisition, the director now owns 1,343,021 shares of the company’s stock, valued at approximately $9,307,135.53. This trade represents a 0.38 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders bought 106,298 shares of company stock valued at $735,327. 9.66% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LILAK has been the subject of a number of research reports. The Goldman Sachs Group reduced their price target on shares of 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 decreased 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 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.