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

Carnegie Lake Advisors LLC lessened its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 89,227 shares of the company’s stock after selling 4,400 shares during the quarter. Carnegie Lake Advisors LLC’s holdings in Liberty Latin America were worth $566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. FMR LLC lifted its position in Liberty Latin America by 69.2% during the third quarter. FMR LLC now owns 15,600,000 shares of the company’s stock valued at $148,044,000 after purchasing an additional 6,379,203 shares during the period. Geode Capital Management LLC raised its stake in Liberty Latin America by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock valued at $32,073,000 after buying an additional 39,711 shares during the last quarter. State Street Corp raised its stake in 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 buying an additional 11,510 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Liberty Latin America by 9.5% during the 4th quarter. DAVENPORT & Co LLC now owns 3,067,979 shares of the company’s stock valued at $19,451,000 after buying an additional 266,301 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake 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. 52.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Scotiabank reduced their price objective on 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. The Goldman Sachs Group reduced their price target 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.

Liberty Latin America Stock Performance

Shares of LILAK 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 firm has a fifty day moving average price of $6.54 and a 200-day moving average price of $8.21. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06.

Insider Buying and Selling at Liberty Latin America

In other news, Director Brendan J. Paddick bought 5,053 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was bought at an average price of $6.93 per share, with a total value of $35,017.29. Following the acquisition, the director now owns 1,343,021 shares of the company’s stock, valued at approximately $9,307,135.53. This represents a 0.38 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders purchased 156,298 shares of company stock valued at $1,043,886. Company insiders own 9.66% of the company’s stock.

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.