Barclays PLC Increases Position in Liberty Latin America Ltd. (NASDAQ:LILAK)

Barclays PLC lifted its stake in Liberty Latin America Ltd. (NASDAQ:LILAK) by 55.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 200,249 shares of the company’s stock after purchasing an additional 71,734 shares during the period. Barclays PLC owned approximately 0.10% of Liberty Latin America worth $1,900,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. nVerses Capital LLC purchased a new position in shares of Liberty Latin America in the third quarter valued at $55,000. Quantinno Capital Management LP acquired a new stake in Liberty Latin America in the 3rd quarter valued at about $125,000. Algert Global LLC purchased a new position in Liberty Latin America during the 2nd quarter valued at about $126,000. Verition Fund Management LLC acquired a new position in Liberty Latin America during the third quarter worth about $187,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Liberty Latin America in the third quarter valued at about $209,000. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on LILAK. Scotiabank reduced their target price on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. The Goldman Sachs Group reduced their price objective 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, December 4th.

Liberty Latin America Trading Up 0.2 %

LILAK opened at $6.36 on Friday. The firm has a market capitalization of $1.25 billion, a P/E ratio of -2.17 and a beta of 1.04. The firm’s 50 day moving average is $7.70 and its 200-day moving average is $8.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. Liberty Latin America Ltd. has a 52-week low of $5.95 and a 52-week high of $10.93.

Insider Buying and Selling

In related news, Director Brendan J. Paddick bought 18,011 shares of the company’s stock in a transaction dated Monday, December 23rd. The stock was bought at an average price of $6.12 per share, with a total value of $110,227.32. Following the transaction, the director now owns 1,437,518 shares of the company’s stock, valued at approximately $8,797,610.16. This trade represents a 1.27 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have acquired 156,298 shares of company stock worth $1,043,886. 9.66% of the stock is currently owned by corporate insiders.

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.