Jane Street Group LLC Sells 243,345 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Jane Street Group LLC cut its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 56.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,455 shares of the company’s stock after selling 243,345 shares during the quarter. Jane Street Group LLC owned 0.10% of Liberty Latin America worth $1,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of Liberty Latin America by 69.2% during the third quarter. FMR LLC now owns 15,600,000 shares of the company’s stock worth $148,044,000 after purchasing an additional 6,379,203 shares during the last quarter. Millennium Management LLC grew its holdings in Liberty Latin America by 305.1% during the 2nd quarter. Millennium Management LLC now owns 986,782 shares of the company’s stock worth $9,493,000 after acquiring an additional 743,197 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Liberty Latin America by 24.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock valued at $29,045,000 after acquiring an additional 600,689 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Liberty Latin America during the second quarter valued at $1,894,000. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Liberty Latin America during the third quarter worth $1,041,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Liberty Latin America

In related news, Director Brendan J. Paddick acquired 5,053 shares of the stock in a transaction dated Friday, November 29th. The stock was bought at an average price of $6.93 per share, for a total transaction of $35,017.29. Following the purchase, the director now directly owns 1,343,021 shares of the company’s stock, valued at $9,307,135.53. The trade was a 0.38 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have bought 156,298 shares of company stock valued at $1,043,886. 9.66% of the stock is currently owned by insiders.

Liberty Latin America Trading Up 3.6 %

LILAK opened at $6.35 on Thursday. Liberty Latin America Ltd. has a twelve month low of $5.95 and a twelve month high of $10.93. The company has a fifty day moving average of $7.70 and a 200-day moving average of $8.86. The stock has a market cap of $1.25 billion, a PE ratio of -2.17 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.

Analysts Set New Price Targets

A number of research firms recently weighed in on LILAK. Scotiabank decreased their price objective on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a report on Friday, November 8th. The Goldman Sachs Group decreased their price target on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, December 4th.

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.