JPMorgan Chase & Co. Sells 10,455,446 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

JPMorgan Chase & Co. lessened its stake in Liberty Latin America Ltd. (NASDAQ:LILAK) by 78.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,836,965 shares of the company’s stock after selling 10,455,446 shares during the period. JPMorgan Chase & Co. owned about 1.44% of Liberty Latin America worth $26,938,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LILAK. nVerses Capital LLC acquired a new stake in Liberty Latin America during the third quarter worth approximately $55,000. Quantinno Capital Management LP acquired a new stake in shares of Liberty Latin America during the 3rd quarter worth approximately $125,000. Algert Global LLC bought a new stake in shares of Liberty Latin America in the 2nd quarter valued at $126,000. Verition Fund Management LLC acquired a new position in shares of Liberty Latin America during the 3rd quarter valued at $187,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Liberty Latin America during the third quarter worth $209,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

Insider Buying and Selling

In related news, Director Brendan J. Paddick bought 5,053 shares of the company’s stock in a transaction on Friday, November 29th. The stock was acquired at an average cost of $6.93 per share, for a total transaction of $35,017.29. Following the completion of the transaction, the director now directly owns 1,343,021 shares in the company, valued at $9,307,135.53. This trade represents a 0.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders have purchased 156,298 shares of company stock valued at $1,043,886. Corporate insiders own 9.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group decreased their price target on shares of 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. Scotiabank dropped their price target on 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.

Liberty Latin America Trading Down 0.6 %

Shares of LILAK opened at $6.67 on Wednesday. Liberty Latin America Ltd. has a fifty-two week low of $5.95 and a fifty-two week high of $10.93. The business has a 50-day moving average of $7.10 and a 200 day moving average of $8.73. The firm has a market cap of $1.31 billion, a P/E ratio of -2.28 and a beta of 1.04. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06.

Liberty Latin America 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.