State Street Corp Boosts Stock Position in Liberty Latin America Ltd. (NASDAQ:LILAK)

State Street Corp lifted its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,290,866 shares of the company’s stock after purchasing an additional 11,510 shares during the quarter. State Street Corp owned 1.68% of Liberty Latin America worth $31,230,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LILAK. nVerses Capital LLC bought a new position in Liberty Latin America in the 3rd quarter valued at $55,000. Quantinno Capital Management LP bought a new stake in Liberty Latin America during the third quarter valued at $125,000. Algert Global LLC purchased a new position in Liberty Latin America during the second quarter worth about $126,000. Verition Fund Management LLC bought a new position in Liberty Latin America in the 3rd quarter worth about $187,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Liberty Latin America in the 3rd quarter valued at about $209,000. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Insiders Place Their Bets

In related news, Director Brendan J. Paddick bought 35,475 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average cost of $7.04 per share, with a total value of $249,744.00. Following the transaction, the director now owns 1,273,443 shares in the company, valued at approximately $8,965,038.72. This trade represents a 2.87 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders acquired 106,298 shares of company stock worth $735,327. 9.66% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LILAK. The Goldman Sachs Group dropped their price objective 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 dropped their price target on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research note on Friday, November 8th.

Liberty Latin America Trading Up 0.2 %

NASDAQ:LILAK opened at $6.23 on Friday. The firm has a market capitalization of $1.23 billion, a P/E ratio of -2.13 and a beta of 1.04. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. The company has a fifty day moving average of $7.90 and a 200 day moving average of $8.92. Liberty Latin America Ltd. has a 52 week low of $5.95 and a 52 week high of $10.93.

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.