Franklin Resources Inc. Buys 8,454 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Franklin Resources Inc. grew its position in Liberty Latin America Ltd. (NASDAQ:LILAK) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,461 shares of the company’s stock after purchasing an additional 8,454 shares during the quarter. Franklin Resources Inc.’s holdings in Liberty Latin America were worth $868,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LILAK. FMR LLC increased its stake in Liberty Latin America by 69.2% during the 3rd quarter. FMR LLC now owns 15,600,000 shares of the company’s stock worth $148,044,000 after acquiring an additional 6,379,203 shares during the period. Geode Capital Management LLC increased its holdings in Liberty Latin America by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock valued at $32,073,000 after buying an additional 39,711 shares during the period. State Street Corp boosted its position in shares of Liberty Latin America by 0.4% during the 3rd quarter. State Street Corp now owns 3,290,866 shares of the company’s stock worth $31,230,000 after acquiring an additional 11,510 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Liberty Latin America by 24.4% in the third 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 last quarter. Finally, Millennium Management LLC raised its holdings in shares of 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 buying an additional 743,197 shares in the last quarter. 52.98% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Brendan J. Paddick bought 35,475 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were bought at an average price of $7.04 per share, for a total transaction of $249,744.00. Following the transaction, the director now directly owns 1,273,443 shares of the company’s stock, valued at approximately $8,965,038.72. The trade was a 2.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last three months, insiders have bought 156,298 shares of company stock valued at $1,043,886. 9.66% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LILAK. Scotiabank reduced 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 lowered their target price on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, December 4th.

Liberty Latin America Trading Up 0.3 %

NASDAQ LILAK opened at $6.38 on Monday. The firm has a market capitalization of $1.25 billion, a PE ratio of -2.18 and a beta of 1.04. The business’s 50-day moving average price is $7.55 and its two-hundred day moving average price is $8.83. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. Liberty Latin America Ltd. has a 12 month low of $5.95 and a 12 month 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.