The Manufacturers Life Insurance Company Grows Stock Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

The Manufacturers Life Insurance Company increased its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 9.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 71,204 shares of the company’s stock after buying an additional 6,387 shares during the period. The Manufacturers Life Insurance Company’s holdings in Liberty Latin America were worth $685,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Millennium Management LLC boosted its position in shares of Liberty Latin America by 305.1% in the second 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 during the period. AQR Capital Management LLC raised its stake in shares of Liberty Latin America by 77.9% in the second quarter. AQR Capital Management LLC now owns 243,788 shares of the company’s stock valued at $2,345,000 after acquiring an additional 106,721 shares during the period. Canada Pension Plan Investment Board purchased a new position in Liberty Latin America in the 2nd quarter worth about $1,894,000. XTX Topco Ltd purchased a new position in Liberty Latin America in the 2nd quarter worth about $593,000. Finally, American Century Companies Inc. increased its position in Liberty Latin America by 11.6% during the 2nd quarter. American Century Companies Inc. now owns 217,427 shares of the company’s stock valued at $2,092,000 after purchasing an additional 22,580 shares during the period. Institutional investors own 52.98% of the company’s stock.

Liberty Latin America Stock Performance

LILAK stock opened at $9.49 on Tuesday. The company’s 50 day moving average price is $9.48 and its 200 day moving average price is $8.96. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of -316.33 and a beta of 1.13. Liberty Latin America Ltd. has a fifty-two week low of $5.95 and a fifty-two week high of $10.93.

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

Insiders Place Their Bets

In related news, CAO Brian D. Zook sold 26,197 shares of Liberty Latin America stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total transaction of $250,967.26. Following the completion of the sale, the chief accounting officer now owns 28,788 shares in the company, valued at approximately $275,789.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LILAK shares. Pivotal Research lowered their price target on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, August 12th. StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $10.50 target price (up from $9.30) on shares of Liberty Latin America in a report on Wednesday, September 4th.

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.