Liberty Latin America Ltd. (NASDAQ:LILAK) Stock Holdings Lifted by Nordea Investment Management AB

Nordea Investment Management AB raised its stake in Liberty Latin America Ltd. (NASDAQ:LILAK) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 858,471 shares of the company’s stock after buying an additional 29,223 shares during the period. Nordea Investment Management AB’s holdings in Liberty Latin America were worth $5,387,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. FMR LLC increased its holdings 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 valued at $148,044,000 after buying an additional 6,379,203 shares in the last quarter. Geode Capital Management LLC grew its position 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 worth $32,073,000 after purchasing an additional 39,711 shares in the last quarter. State Street Corp grew its position 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 worth $31,230,000 after purchasing an additional 11,510 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Liberty Latin America by 24.4% during the 3rd 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 grew its position in Liberty Latin America by 305.1% during the 2nd 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 in the last quarter. Institutional investors own 52.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Scotiabank lowered their price target on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a report on Friday, November 8th.

Insider Activity

In other Liberty Latin America news, Director Brendan J. Paddick acquired 18,011 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $6.12 per share, for a total transaction of $110,227.32. Following the completion of the acquisition, the director now owns 1,437,518 shares of the company’s stock, valued at approximately $8,797,610.16. This trade represents a 1.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 156,298 shares of company stock worth $1,043,886 in the last ninety days. Corporate insiders own 9.66% of the company’s stock.

Liberty Latin America Trading Down 2.3 %

Liberty Latin America stock opened at $6.48 on Friday. The company’s fifty day simple moving average is $6.98 and its 200-day simple moving average is $8.70. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. Liberty Latin America Ltd. has a 12 month low of $5.95 and a 12 month high of $10.93. The stock has a market cap of $1.27 billion, a P/E ratio of -2.21 and a beta of 1.04.

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.