Liberty Latin America (NASDAQ:LILA) Shares Gap Up on Insider Buying Activity

Liberty Latin America Ltd. (NASDAQ:LILA)’s stock price gapped up prior to trading on Monday following insider buying activity. The stock had previously closed at $6.96, but opened at $7.20. Liberty Latin America shares last traded at $6.91, with a volume of 151,773 shares trading hands.

Specifically, Director Brendan J. Paddick acquired 5,053 shares of the stock in a transaction dated Friday, November 29th. The shares were acquired at an average cost of $6.93 per share, for a total transaction of $35,017.29. Following the completion of the transaction, the director now owns 1,343,021 shares in the company, valued at approximately $9,307,135.53. This trade represents a 0.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Brendan J. Paddick acquired 35,475 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average price of $7.04 per share, with a total value of $249,744.00. Following the purchase, the director now owns 1,273,443 shares in the company, valued at approximately $8,965,038.72. This represents a 2.87 % increase in their position. The disclosure for this purchase can be found here.

Analyst Ratings Changes

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

Liberty Latin America Trading Down 0.7 %

The company’s fifty day moving average price is $8.84 and its two-hundred day moving average price is $9.15. 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 company has a market cap of $1.36 billion, a price-to-earnings ratio of -2.38 and a beta of 1.12.

Institutional Investors Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC bought a new position in shares of Liberty Latin America in the third quarter worth about $104,000. SG Americas Securities LLC acquired a new position in Liberty Latin America in the third quarter valued at approximately $120,000. Ground Swell Capital LLC bought a new stake in Liberty Latin America in the second quarter valued at about $122,000. DekaBank Deutsche Girozentrale boosted its position in shares of 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 purchasing an additional 16,215 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Liberty Latin America during the 3rd quarter worth approximately $163,000. 18.48% of the stock is owned by institutional investors and hedge funds.

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.