DAVENPORT & Co LLC Acquires 266,301 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

DAVENPORT & Co LLC increased its stake in Liberty Latin America Ltd. (NASDAQ:LILAK) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,067,979 shares of the company’s stock after acquiring an additional 266,301 shares during the quarter. DAVENPORT & Co LLC owned about 1.56% of Liberty Latin America worth $19,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LILAK. FMR LLC increased its holdings in Liberty Latin America by 69.2% in the third quarter. FMR LLC now owns 15,600,000 shares of the company’s stock worth $148,044,000 after purchasing an additional 6,379,203 shares in the last quarter. Millennium Management LLC grew its position in shares of Liberty Latin America by 305.1% during the 2nd quarter. Millennium Management LLC now owns 986,782 shares of the company’s stock worth $9,493,000 after buying an additional 743,197 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Liberty Latin America by 24.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock valued at $29,045,000 after acquiring an additional 600,689 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Liberty Latin America by 970.4% in the 4th quarter. UMB Bank n.a. now owns 282,937 shares of the company’s stock valued at $1,794,000 after acquiring an additional 256,504 shares in the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Liberty Latin America during the 3rd quarter valued at $1,041,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Scotiabank reduced 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 cut their target price on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, December 4th.

Liberty Latin America Price Performance

Shares of NASDAQ LILAK opened at $6.13 on Monday. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -2.09 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 Ltd. has a fifty-two week low of $5.95 and a fifty-two week high of $10.93. The firm’s 50-day simple moving average is $6.62 and its 200 day simple moving average is $8.36.

Liberty Latin America (NASDAQ:LILAK) last announced its earnings results on Wednesday, November 6th. The company reported ($2.22) earnings per share (EPS) for the quarter. The company had revenue of $1.09 billion for the quarter. Liberty Latin America had a negative net margin of 13.02% and a negative return on equity of 27.22%.

Insiders Place Their Bets

In other Liberty Latin America news, Director Brendan J. Paddick acquired 5,053 shares of Liberty Latin America stock in a transaction on Friday, November 29th. The stock was purchased at an average price of $6.93 per share, for a total transaction of $35,017.29. Following the purchase, the director now directly owns 1,343,021 shares of the company’s stock, valued at $9,307,135.53. This trade represents a 0.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have bought 156,298 shares of company stock valued at $1,043,886 in the last three months. 9.66% of the stock is currently owned by 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.