Liberty Latin America Ltd. (NASDAQ:LILAK) Position Trimmed by S&CO Inc.

S&CO Inc. decreased its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 2.8% in the 3rd quarter, Holdings Channel reports. The firm owned 601,818 shares of the company’s stock after selling 17,114 shares during the quarter. S&CO Inc.’s holdings in Liberty Latin America were worth $5,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in LILAK. Empowered Funds LLC lifted its holdings in Liberty Latin America by 5.4% in the third quarter. Empowered Funds LLC now owns 891,148 shares of the company’s stock worth $8,457,000 after purchasing an additional 45,426 shares during the period. Sequoia Financial Advisors LLC acquired a new stake in Liberty Latin America in the third quarter worth about $267,000. nVerses Capital LLC acquired a new stake in Liberty Latin America in the third quarter worth about $55,000. Truist Financial Corp acquired a new stake in Liberty Latin America in the second quarter worth about $481,000. Finally, Algert Global LLC acquired a new stake in Liberty Latin America in the second quarter worth about $126,000. Institutional investors own 52.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LILAK. Scotiabank cut 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. Pivotal Research cut their price target on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a report on Monday, August 12th. The Goldman Sachs Group reissued a “neutral” rating and issued a $10.50 price target (up from $9.30) on shares of Liberty Latin America in a report on Wednesday, September 4th. Finally, StockNews.com downgraded shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

Insiders Place Their Bets

In related news, CAO Brian D. Zook sold 26,197 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total value of $250,967.26. Following the completion of the transaction, the chief accounting officer now directly owns 28,788 shares of the company’s stock, valued at $275,789.04. This trade represents a 47.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.66% of the company’s stock.

Liberty Latin America Stock Performance

NASDAQ:LILAK opened at $6.39 on Friday. The stock’s 50 day moving average price is $9.23 and its 200 day moving average price is $9.22. Liberty Latin America Ltd. has a 52 week low of $5.95 and a 52 week high of $10.93.

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.