49,956 Shares in Liberty Latin America Ltd. (NASDAQ:LILAK) Bought by Truist Financial Corp

Truist Financial Corp purchased a new position in Liberty Latin America Ltd. (NASDAQ:LILAK) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,956 shares of the company’s stock, valued at approximately $481,000.

A number of other institutional investors have also recently modified their holdings of LILAK. Headlands Technologies LLC purchased a new stake in Liberty Latin America in the first quarter worth about $41,000. Allspring Global Investments Holdings LLC purchased a new position in Liberty Latin America during the 1st quarter valued at approximately $44,000. Hartline Investment Corp bought a new stake in shares of Liberty Latin America in the 1st quarter valued at approximately $74,000. Paloma Partners Management Co bought a new stake in shares of Liberty Latin America in the 1st quarter valued at approximately $75,000. Finally, Algert Global LLC bought a new stake in shares of Liberty Latin America during the 2nd quarter worth approximately $126,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Liberty Latin America Stock Performance

LILAK opened at $9.99 on Thursday. The business’s 50-day simple moving average is $9.46 and its 200-day simple moving average is $8.97. Liberty Latin America Ltd. has a one year low of $5.95 and a one year high of $10.93. The stock has a market capitalization of $1.97 billion, a P/E ratio of -333.00 and a beta of 1.13.

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

Insider Buying and Selling at Liberty Latin America

In other news, CAO Brian D. Zook sold 26,197 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 28,788 shares in the company, valued at $275,789.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 9.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LILAK. The Goldman Sachs Group reiterated a “neutral” rating and issued a $10.50 target price (up from $9.30) on shares of Liberty Latin America in a report on Wednesday, September 4th. StockNews.com downgraded Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Pivotal Research lowered their target price on 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.

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.