The Manufacturers Life Insurance Company Sells 6,039 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

The Manufacturers Life Insurance Company trimmed its position in Liberty Latin America Ltd. (NASDAQ:LILAK) by 8.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,165 shares of the company’s stock after selling 6,039 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Liberty Latin America were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of LILAK. nVerses Capital LLC acquired a new stake in Liberty Latin America in the 3rd quarter valued at approximately $55,000. Algert Global LLC bought a new position in Liberty Latin America during the second quarter worth $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its position in Liberty Latin America by 29.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company’s stock worth $132,000 after acquiring an additional 3,150 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Liberty Latin America in the 3rd quarter valued at $209,000. Finally, Intech Investment Management LLC acquired a new stake in Liberty Latin America in the 3rd quarter worth $250,000. 52.98% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LILAK has been the subject of a number of research reports. Scotiabank reduced their price objective on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research report on Friday, November 8th. The Goldman Sachs Group cut their target price 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.

Liberty Latin America Stock Down 1.0 %

LILAK opened at $6.67 on Friday. Liberty Latin America Ltd. has a twelve month low of $5.95 and a twelve month high of $10.93. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -2.28 and a beta of 1.04. The firm’s 50-day simple moving average is $8.20 and its 200-day simple moving average is $9.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06.

Insiders Place Their Bets

In other Liberty Latin America news, Director Brendan J. Paddick purchased 5,053 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was acquired at an average cost of $6.93 per share, with a total value of $35,017.29. Following the completion of the acquisition, the director now directly owns 1,343,021 shares of the company’s stock, valued at $9,307,135.53. This represents a 0.38 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders have bought 106,298 shares of company stock valued at $735,327. 9.66% of the stock is currently owned by 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.