Insider Buying: Liberty Latin America Ltd. (NASDAQ:LILA) Director Purchases $249,744.00 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) Director Brendan J. Paddick purchased 35,475 shares of the firm’s stock in a transaction on Tuesday, November 26th. The stock was bought at an average cost of $7.04 per share, with a total value of $249,744.00. Following the completion of the purchase, the director now owns 1,273,443 shares of the company’s stock, valued at approximately $8,965,038.72. This represents a 2.87 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Liberty Latin America Price Performance

Shares of LILA opened at $6.96 on Monday. The business’s fifty day moving average is $8.84 and its 200 day moving average is $9.15. Liberty Latin America Ltd. has a 12-month low of $5.90 and a 12-month high of $10.81. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. The stock has a market cap of $1.37 billion, a P/E ratio of -2.38 and a beta of 1.12.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Liberty Latin America by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,294,672 shares of the company’s stock worth $9,024,000 after acquiring an additional 24,840 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Liberty Latin America by 186.5% in the first quarter. Lazard Asset Management LLC now owns 29,716 shares of the company’s stock valued at $206,000 after purchasing an additional 19,345 shares in the last quarter. Virtu Financial LLC boosted its position in shares of Liberty Latin America by 7.7% during the first quarter. Virtu Financial LLC now owns 121,594 shares of the company’s stock valued at $848,000 after buying an additional 8,730 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Liberty Latin America by 304.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock worth $149,000 after buying an additional 16,215 shares in the last quarter. Finally, Genesis Investment Management LLP raised its position in Liberty Latin America by 3.3% in the 2nd quarter. Genesis Investment Management LLP now owns 652,316 shares of the company’s stock valued at $6,269,000 after buying an additional 20,580 shares during the last quarter. 18.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group downgraded Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

About Liberty Latin America

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.