Carnegie Lake Advisors LLC Sells 4,400 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Carnegie Lake Advisors LLC decreased its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 4.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 89,227 shares of the company’s stock after selling 4,400 shares during the period. Carnegie Lake Advisors LLC’s holdings in Liberty Latin America were worth $566,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Liberty Latin America by 69.2% during the 3rd quarter. FMR LLC now owns 15,600,000 shares of the company’s stock valued at $148,044,000 after acquiring an additional 6,379,203 shares during the last quarter. Geode Capital Management LLC raised its stake in Liberty Latin America by 1.2% in the third quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock valued at $32,073,000 after purchasing an additional 39,711 shares in the last quarter. State Street Corp lifted its position in Liberty Latin America by 0.4% during the third quarter. State Street Corp now owns 3,290,866 shares of the company’s stock valued at $31,230,000 after purchasing an additional 11,510 shares during the last quarter. DAVENPORT & Co LLC grew its stake in Liberty Latin America by 9.5% in the 4th quarter. DAVENPORT & Co LLC now owns 3,067,979 shares of the company’s stock worth $19,451,000 after buying an additional 266,301 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings 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 worth $29,045,000 after buying an additional 600,689 shares during the last quarter. Institutional investors own 52.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LILAK. The Goldman Sachs Group dropped their price objective 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. Scotiabank dropped their target price on shares of 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.

Liberty Latin America Price Performance

Shares of Liberty Latin America stock opened at $6.64 on Tuesday. Liberty Latin America Ltd. has a 1 year low of $5.88 and a 1 year high of $10.93. The company has a 50-day moving average of $6.54 and a 200 day moving average of $8.21. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31.

Insiders Place Their Bets

In related news, Director Brendan J. Paddick purchased 5,053 shares of the stock in a transaction dated Friday, November 29th. The stock was purchased at an average price of $6.93 per share, with a total value of $35,017.29. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have acquired 156,298 shares of company stock worth $1,043,886. 9.66% of the stock is currently 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.