XTX Topco Ltd Takes $593,000 Position in Liberty Latin America Ltd. (NASDAQ:LILAK)

XTX Topco Ltd bought a new stake in Liberty Latin America Ltd. (NASDAQ:LILAK) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 61,658 shares of the company’s stock, valued at approximately $593,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. DAVENPORT & Co LLC increased its position in Liberty Latin America by 8.9% during the 1st quarter. DAVENPORT & Co LLC now owns 3,559,940 shares of the company’s stock worth $24,884,000 after purchasing an additional 291,155 shares in the last quarter. Vanguard Group Inc. increased its position in Liberty Latin America by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock worth $22,867,000 after purchasing an additional 197,988 shares in the last quarter. Genesis Investment Management LLP increased its position in Liberty Latin America by 39.4% during the 2nd quarter. Genesis Investment Management LLP now owns 2,609,237 shares of the company’s stock worth $25,101,000 after purchasing an additional 737,883 shares in the last quarter. Banco Santander S.A. acquired a new position in Liberty Latin America during the 2nd quarter worth approximately $13,188,000. Finally, Norges Bank acquired a new position in Liberty Latin America during the 4th quarter worth approximately $8,712,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LILAK shares. Pivotal Research decreased their price target on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $10.50 price target (up from $9.30) on shares of Liberty Latin America in a research report on Wednesday, September 4th. Finally, StockNews.com cut shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th.

Insider Activity

In related news, CAO Brian D. Zook sold 26,197 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total transaction of $250,967.26. Following the transaction, the chief accounting officer now directly owns 28,788 shares of the company’s stock, valued at $275,789.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, insider Dustin Henderson sold 5,906 shares of the stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total transaction of $59,060.00. Following the transaction, the insider now directly owns 1,600 shares of the company’s stock, valued at $16,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brian D. Zook sold 26,197 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total transaction of $250,967.26. Following the transaction, the chief accounting officer now directly owns 28,788 shares in the company, valued at $275,789.04. The disclosure for this sale can be found here. Insiders own 9.66% of the company’s stock.

Liberty Latin America Stock Performance

Shares of NASDAQ LILAK opened at $9.43 on Tuesday. Liberty Latin America Ltd. has a 52-week low of $5.95 and a 52-week high of $10.93. The firm has a 50 day moving average price of $9.69 and a two-hundred day moving average price of $8.65. The stock has a market cap of $1.86 billion, a P/E ratio of -314.33 and a beta of 1.14.

Liberty Latin America (NASDAQ:LILAK) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). The firm had revenue of $1.12 billion for the quarter.

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.