DAVENPORT & Co LLC Increases Stake in Liberty Latin America Ltd. (NASDAQ:LILAK)

DAVENPORT & Co LLC raised its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 9.5% during the fourth quarter, HoldingsChannel reports. The fund owned 3,067,979 shares of the company’s stock after purchasing an additional 266,301 shares during the quarter. DAVENPORT & Co LLC’s holdings in Liberty Latin America were worth $19,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in LILAK. FMR LLC raised its position in shares of 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 buying an additional 6,379,203 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Liberty Latin America by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock valued at $32,073,000 after acquiring an additional 39,711 shares in the last quarter. State Street Corp boosted its position in shares of Liberty Latin America by 0.4% during the 3rd quarter. State Street Corp now owns 3,290,866 shares of the company’s stock valued at $31,230,000 after acquiring an additional 11,510 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Liberty Latin America by 24.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock worth $29,045,000 after purchasing an additional 600,689 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Liberty Latin America by 305.1% in the second quarter. Millennium Management LLC now owns 986,782 shares of the company’s stock worth $9,493,000 after purchasing an additional 743,197 shares during the last quarter. Institutional investors own 52.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. 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 research note on Friday, November 8th. The Goldman Sachs Group cut their target price on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a research report on Wednesday, December 4th.

Insiders Place Their Bets

In other news, Director Brendan J. Paddick bought 5,053 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were bought at an average cost of $6.93 per share, with a total value of $35,017.29. Following the completion of the purchase, the director now directly owns 1,343,021 shares in the company, valued at $9,307,135.53. This represents a 0.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders acquired 156,298 shares of company stock valued at $1,043,886 over the last three months. Insiders own 9.66% of the company’s stock.

Liberty Latin America Stock Performance

NASDAQ:LILAK opened at $6.13 on Monday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -2.09 and a beta of 1.04. The business has a 50 day moving average of $6.62 and a 200 day moving average of $8.36. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. Liberty Latin America Ltd. has a 1-year low of $5.95 and a 1-year high of $10.93.

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

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.