Intech Investment Management LLC Makes New $104,000 Investment in Liberty Latin America Ltd. (NASDAQ:LILA)

Intech Investment Management LLC bought a new position in shares of Liberty Latin America Ltd. (NASDAQ:LILA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,884 shares of the company’s stock, valued at approximately $104,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LILA. Vanguard Group Inc. boosted its position in shares of Liberty Latin America by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 1,294,672 shares of the company’s stock worth $9,024,000 after acquiring an additional 24,840 shares in the last quarter. Banco Santander S.A. acquired a new stake in shares of Liberty Latin America during the 2nd quarter worth approximately $5,203,000. Virtu Financial LLC boosted its position in shares of Liberty Latin America by 173.1% during the 2nd quarter. Virtu Financial LLC now owns 332,077 shares of the company’s stock worth $3,191,000 after acquiring an additional 210,483 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Liberty Latin America by 0.9% during the 2nd quarter. Mackenzie Financial Corp now owns 230,571 shares of the company’s stock worth $2,216,000 after acquiring an additional 2,007 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Liberty Latin America during the 2nd quarter worth approximately $2,073,000. Institutional investors and hedge funds own 18.48% of the company’s stock.

Insider Buying and Selling at Liberty Latin America

In related news, Director Brendan J. Paddick bought 35,475 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were purchased at an average price of $7.04 per share, for a total transaction of $249,744.00. Following the completion of the transaction, the director now directly owns 1,273,443 shares of the company’s stock, valued at approximately $8,965,038.72. This represents a 2.87 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased 106,298 shares of company stock worth $735,327 over the last quarter. Corporate insiders own 11.35% of the company’s stock.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock opened at $6.84 on Friday. Liberty Latin America Ltd. has a fifty-two week low of $5.90 and a fifty-two week high of $10.81. 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 has a market capitalization of $1.35 billion, a P/E ratio of -2.33 and a beta of 1.04. The company’s 50 day moving average price is $8.57 and its two-hundred day moving average price is $9.09.

Wall Street Analyst Weigh In

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

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.