Liberty Latin America Ltd. (NASDAQ:LILAK) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its position in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 3.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 63,771 shares of the company’s stock after selling 2,498 shares during the quarter. Principal Financial Group Inc.’s holdings in Liberty Latin America were worth $605,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. nVerses Capital LLC purchased a new position in Liberty Latin America during the 3rd quarter worth approximately $55,000. Quantinno Capital Management LP bought a new position in Liberty Latin America during the third quarter valued at about $125,000. Algert Global LLC bought a new position in shares of Liberty Latin America in the second quarter valued at approximately $126,000. Verition Fund Management LLC acquired a new position in Liberty Latin America during the 3rd quarter worth $187,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Liberty Latin America during the third quarter valued at about $209,000. 52.98% of the stock is owned by institutional investors and hedge funds.

Liberty Latin America Price Performance

Liberty Latin America stock opened at $6.43 on Monday. 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. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -2.19 and a beta of 1.04. The business’s 50-day simple moving average is $7.22 and its 200 day simple moving average is $8.76.

Analyst Ratings Changes

Several research firms recently commented on LILAK. The Goldman Sachs Group cut 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 research note on Wednesday, December 4th. Scotiabank cut their price objective on 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.

Insider Transactions at Liberty Latin America

In other news, Director Brendan J. Paddick purchased 5,053 shares of Liberty Latin America stock in a transaction dated Friday, November 29th. The shares were bought at an average cost of $6.93 per share, with a total value 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 156,298 shares of company stock worth $1,043,886 in the last quarter. 9.66% of the stock is owned by company insiders.

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.