Liberty Latin America Ltd. (NASDAQ:LILAK) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 11.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 263,711 shares of the company’s stock after selling 33,789 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of Liberty Latin America worth $2,503,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of 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 valued at $132,000 after purchasing an additional 3,150 shares during the period. Principal Financial Group Inc. increased its stake in Liberty Latin America by 6.7% during the 2nd quarter. Principal Financial Group Inc. now owns 66,269 shares of the company’s stock valued at $638,000 after buying an additional 4,180 shares during the period. nVerses Capital LLC bought a new stake in shares of Liberty Latin America during the 3rd quarter worth about $55,000. The Manufacturers Life Insurance Company lifted its stake in shares of Liberty Latin America by 9.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 71,204 shares of the company’s stock worth $685,000 after acquiring an additional 6,387 shares during the period. Finally, Algert Global LLC bought a new position in shares of Liberty Latin America in the second quarter valued at approximately $126,000. 52.98% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Liberty Latin America

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 acquired at an average price of $7.04 per share, with a total value of $249,744.00. Following the completion of the transaction, the director now owns 1,273,443 shares of the company’s stock, valued at $8,965,038.72. The trade was a 2.87 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 106,298 shares of company stock worth $735,327 over the last 90 days. Insiders own 9.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Scotiabank cut their price target on shares of 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 reduced their target price on shares of 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 Stock Performance

LILAK stock opened at $6.67 on Friday. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of -2.28 and a beta of 1.04. The firm has a 50 day moving average of $8.20 and a two-hundred day moving average of $9.01. 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 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.