Liberty Latin America (NASDAQ:LILA) Shares Gap Up After Insider Buying Activity

Liberty Latin America Ltd. (NASDAQ:LILA)’s stock price gapped up prior to trading on Monday following insider buying activity. The stock had previously closed at $6.96, but opened at $7.20. Liberty Latin America shares last traded at $6.91, with a volume of 151,773 shares trading hands.

Specifically, Director Brendan J. Paddick acquired 5,053 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was acquired at an average price of $6.93 per share, for a total transaction of $35,017.29. Following the acquisition, the director now directly owns 1,343,021 shares in the company, valued at $9,307,135.53. This represents a 0.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Brendan J. Paddick acquired 35,475 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was acquired at an average price of $7.04 per share, with a total value of $249,744.00. Following the acquisition, the director now owns 1,273,443 shares in the company, valued at $8,965,038.72. The trade was a 2.87 % increase in their ownership of the stock. The disclosure for this purchase can be found here.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 4th.

Liberty Latin America Trading Up 1.7 %

The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The firm’s fifty day simple moving average is $8.79 and its 200-day simple moving average is $9.14. The stock has a market cap of $1.39 billion, a P/E ratio of -2.42 and a beta of 1.12.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in shares of Liberty Latin America in the 3rd quarter valued at $104,000. SG Americas Securities LLC bought a new stake in shares of Liberty Latin America in the 3rd quarter valued at $120,000. Ground Swell Capital LLC bought a new stake in shares of Liberty Latin America in the 2nd quarter valued at $122,000. DekaBank Deutsche Girozentrale increased its stake in shares of Liberty Latin America by 304.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock valued at $149,000 after acquiring an additional 16,215 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Liberty Latin America in the 3rd quarter valued at $163,000. Institutional investors own 18.48% 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.