Ancora Advisors LLC Sells 50,674 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Ancora Advisors LLC reduced its position in Liberty Latin America Ltd. (NASDAQ:LILAK) by 19.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,857 shares of the company’s stock after selling 50,674 shares during the quarter. Ancora Advisors LLC’s holdings in Liberty Latin America were worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Liberty Latin America by 1.1% in the third quarter. Vanguard Group Inc. now owns 3,230,293 shares of the company’s stock worth $26,359,000 after acquiring an additional 35,245 shares during the period. SG Americas Securities LLC boosted its stake in Liberty Latin America by 19.1% in the 4th quarter. SG Americas Securities LLC now owns 77,969 shares of the company’s stock worth $572,000 after purchasing an additional 12,524 shares during the period. DAVENPORT & Co LLC boosted its stake in Liberty Latin America by 4.8% in the 4th quarter. DAVENPORT & Co LLC now owns 3,268,785 shares of the company’s stock worth $23,930,000 after purchasing an additional 149,701 shares during the period. Cullen Investment Group LTD. purchased a new stake in Liberty Latin America during the 4th quarter valued at approximately $125,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Liberty Latin America during the fourth quarter valued at approximately $161,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Liberty Latin America Stock Up 1.2 %

NASDAQ:LILAK opened at $10.60 on Thursday. Liberty Latin America Ltd. has a 1 year low of $5.95 and a 1 year high of $10.93. The stock’s 50 day simple moving average is $9.24 and its two-hundred day simple moving average is $7.89.

Insider Buying and Selling

In related news, Director Brendan J. Paddick purchased 150,000 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was bought at an average price of $9.10 per share, for a total transaction of $1,365,000.00. Following the completion of the transaction, the director now owns 1,036,108 shares in the company, valued at approximately $9,428,582.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Brendan J. Paddick acquired 150,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was bought at an average cost of $9.10 per share, with a total value of $1,365,000.00. Following the completion of the purchase, the director now directly owns 1,036,108 shares of the company’s stock, valued at $9,428,582.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brendan J. Paddick purchased 250,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were purchased at an average cost of $8.85 per share, with a total value of $2,212,500.00. Following the completion of the purchase, the director now owns 886,108 shares in the company, valued at approximately $7,842,055.80. The disclosure for this purchase can be found here. 9.66% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Pivotal Research upped their target price on shares of Liberty Latin America from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Scotiabank raised shares of Liberty Latin America from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the company from $7.70 to $10.70 in a report on Monday, May 13th.

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.