Barclays PLC Increases Stake in Liberty Latin America Ltd. (NASDAQ:LILA)

Barclays PLC lifted its stake in Liberty Latin America Ltd. (NASDAQ:LILA) by 81.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 70,419 shares of the company’s stock after buying an additional 31,642 shares during the quarter. Barclays PLC’s holdings in Liberty Latin America were worth $675,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Intech Investment Management LLC bought a new position in shares of Liberty Latin America during the 3rd quarter valued at about $104,000. SG Americas Securities LLC purchased a new stake in shares of Liberty Latin America in the third quarter worth about $120,000. Ground Swell Capital LLC bought a new position in Liberty Latin America during the second quarter valued at approximately $122,000. XTX Topco Ltd grew its holdings in Liberty Latin America by 78.2% during the 2nd quarter. XTX Topco Ltd now owns 20,614 shares of the company’s stock valued at $198,000 after buying an additional 9,045 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its stake in Liberty Latin America by 48.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,399 shares of the company’s stock worth $205,000 after acquiring an additional 6,999 shares during the last quarter. Institutional investors own 18.48% of the company’s stock.

Insider Buying and Selling

In related news, Director Brendan J. Paddick bought 35,475 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were acquired at an average price of $7.04 per share, with a total value of $249,744.00. Following the transaction, the director now owns 1,273,443 shares of the company’s stock, valued at $8,965,038.72. The trade was a 2.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 156,298 shares of company stock valued at $1,043,886 over the last three months. 11.35% of the stock is owned by company insiders.

Liberty Latin America Trading Up 1.6 %

Shares of LILA opened at $6.36 on Thursday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -2.17 and a beta of 1.04. 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 $5.90 and a 1-year high of $10.81. The company has a 50-day moving average of $7.42 and a 200 day moving average of $8.81.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut 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.