Charles Schwab Investment Management Inc. Boosts Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

Charles Schwab Investment Management Inc. raised its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 24.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,060,558 shares of the company’s stock after purchasing an additional 600,689 shares during the period. Charles Schwab Investment Management Inc. owned 1.56% of Liberty Latin America worth $29,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Intech Investment Management LLC purchased a new position in Liberty Latin America during the third quarter valued at $250,000. Segall Bryant & Hamill LLC purchased a new position in shares of Liberty Latin America in the third quarter worth about $1,041,000. Empowered Funds LLC lifted its stake in shares of Liberty Latin America by 5.4% in the third quarter. Empowered Funds LLC now owns 891,148 shares of the company’s stock worth $8,457,000 after buying an additional 45,426 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Liberty Latin America in the third quarter worth about $267,000. Finally, nVerses Capital LLC purchased a new position in shares of Liberty Latin America in the third quarter worth about $55,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Brendan J. Paddick purchased 31,514 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was acquired at an average cost of $6.71 per share, for a total transaction of $211,458.94. Following the completion of the transaction, the director now directly owns 1,940,094 shares in the company, valued at approximately $13,018,030.74. The trade was a 1.65 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders have bought 106,298 shares of company stock valued at $735,327 over the last ninety days. Company insiders own 9.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Scotiabank decreased their price target on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group decreased their price target on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday. Pivotal Research reduced their target price on shares of 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. Finally, StockNews.com downgraded shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th.

Liberty Latin America Price Performance

Shares of LILAK stock opened at $6.81 on Thursday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s 50-day moving average is $8.59 and its two-hundred day moving average is $9.09. Liberty Latin America Ltd. has a 12 month low of $5.95 and a 12 month high of $10.93. The company has a market capitalization of $1.34 billion, a PE ratio of -2.32 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.