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

Liberty Latin America Ltd. (NASDAQ:LILA)’s stock price gapped up before the market opened on Monday after an insider bought additional shares in the company. 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 traded.

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

Wall Street Analysts Forecast Growth

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

Liberty Latin America Price Performance

The company has a 50 day moving average of $8.74 and a two-hundred day moving average of $9.13. The firm has a market cap of $1.38 billion, a P/E ratio of -2.39 and a beta of 1.04. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31.

Hedge Funds Weigh In On Liberty Latin America

Several hedge funds have recently made changes to their positions in LILA. Sanctuary Advisors LLC bought a new stake in Liberty Latin America during the second quarter worth approximately $608,000. Banco Santander S.A. boosted its stake in shares of Liberty Latin America by 47.8% during the 3rd quarter. Banco Santander S.A. now owns 800,000 shares of the company’s stock worth $7,664,000 after acquiring an additional 258,631 shares in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Liberty Latin America during the 2nd quarter worth $2,073,000. DekaBank Deutsche Girozentrale grew its holdings in shares of Liberty Latin America by 304.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock worth $149,000 after acquiring an additional 16,215 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Liberty Latin America by 7.4% during the second quarter. Principal Financial Group Inc. now owns 22,129 shares of the company’s stock worth $213,000 after purchasing an additional 1,523 shares during the period. Institutional investors and hedge funds own 18.48% 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.