KBC Group NV Acquires 4,571 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

KBC Group NV grew its position in Liberty Latin America Ltd. (NASDAQ:LILAK) by 62.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,879 shares of the company’s stock after acquiring an additional 4,571 shares during the period. KBC Group NV’s holdings in Liberty Latin America were worth $75,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. FMR LLC raised its position in Liberty Latin America by 69.2% during the 3rd quarter. FMR LLC now owns 15,600,000 shares of the company’s stock worth $148,044,000 after purchasing an additional 6,379,203 shares during the last quarter. Charles Schwab Investment Management Inc. raised 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 during the last quarter. Barclays PLC raised its position in Liberty Latin America by 55.8% during the 3rd quarter. Barclays PLC now owns 200,249 shares of the company’s stock worth $1,900,000 after purchasing an additional 71,734 shares during the last quarter. Franklin Resources Inc. raised its position in Liberty Latin America by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 91,461 shares of the company’s stock worth $868,000 after purchasing an additional 8,454 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in Liberty Latin America during the 3rd quarter worth $1,041,000. 52.98% of the stock is currently owned by institutional investors.

Insider Activity at Liberty Latin America

In other news, Director Brendan J. Paddick purchased 5,053 shares of Liberty Latin America stock in a transaction dated Friday, November 29th. The stock was purchased at an average cost of $6.93 per share, for a total transaction of $35,017.29. Following the transaction, the director now directly owns 1,343,021 shares of the company’s stock, valued at approximately $9,307,135.53. This trade represents a 0.38 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders acquired 156,298 shares of company stock worth $1,043,886. Corporate insiders own 9.66% of the company’s stock.

Wall Street Analyst Weigh In

LILAK has been the subject of a number of recent analyst reports. The Goldman Sachs Group decreased their price target on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, December 4th. Scotiabank decreased their price target on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a report on Friday, November 8th.

Liberty Latin America Trading Up 0.6 %

NASDAQ:LILAK opened at $6.58 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. The stock has a market capitalization of $1.29 billion, a PE ratio of -2.25 and a beta of 1.02. The firm’s 50 day moving average is $6.55 and its 200 day moving average is $8.23. Liberty Latin America Ltd. has a 12 month low of $5.88 and a 12 month high of $10.93.

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.