UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 54,787 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 143.9% in the third quarter, HoldingsChannel.com reports. The fund owned 92,857 shares of the company’s stock after acquiring an additional 54,787 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Liberty Latin America were worth $890,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Intech Investment Management LLC purchased a new stake in Liberty Latin America during the third quarter valued at about $104,000. SG Americas Securities LLC bought a new position in shares of Liberty Latin America during the 3rd quarter valued at about $120,000. Ground Swell Capital LLC purchased a new position in shares of Liberty Latin America during the 2nd quarter valued at about $122,000. XTX Topco Ltd lifted its position in Liberty Latin America by 78.2% in the 2nd quarter. XTX Topco Ltd now owns 20,614 shares of the company’s stock worth $198,000 after buying an additional 9,045 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Liberty Latin America by 48.6% in the third quarter. BNP Paribas Financial Markets now owns 21,399 shares of the company’s stock worth $205,000 after buying an additional 6,999 shares in the last quarter. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Stock Down 2.8 %

Shares of NASDAQ:LILA opened at $6.26 on Friday. The stock has a market capitalization of $1.23 billion, a P/E ratio of -2.14 and a beta of 1.04. The stock’s 50-day moving average price is $8.11 and its 200-day moving average price is $8.98. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. Liberty Latin America Ltd. has a 12-month low of $5.90 and a 12-month high of $10.81.

Insider Activity at Liberty Latin America

In related news, Director Brendan J. Paddick acquired 35,475 shares of the stock in a transaction on Tuesday, November 26th. The stock was purchased at an average price of $7.04 per share, for a total transaction of $249,744.00. Following the completion of the transaction, the director now owns 1,273,443 shares of the company’s stock, valued at $8,965,038.72. This trade represents a 2.87 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased 106,298 shares of company stock worth $735,327 in the last ninety days. 11.35% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, The Goldman Sachs Group downgraded 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 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.