5,800 Shares in Liberty Latin America Ltd. (NASDAQ:LILAK) Purchased by nVerses Capital LLC

nVerses Capital LLC acquired a new position in Liberty Latin America Ltd. (NASDAQ:LILAK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,800 shares of the company’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC bought a new position in shares of Liberty Latin America during the first quarter valued at approximately $41,000. Allspring Global Investments Holdings LLC purchased a new position in Liberty Latin America during the 1st quarter valued at $44,000. Hartline Investment Corp purchased a new position in Liberty Latin America during the 1st quarter valued at $74,000. Paloma Partners Management Co bought a new position in Liberty Latin America in the 1st quarter valued at $75,000. Finally, Algert Global LLC purchased a new stake in Liberty Latin America in the second quarter worth $126,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Liberty Latin America Price Performance

LILAK stock opened at $9.61 on Tuesday. Liberty Latin America Ltd. has a 1-year low of $5.95 and a 1-year high of $10.93. The business has a 50-day moving average price of $9.52 and a 200 day moving average price of $9.05. The company has a market capitalization of $1.90 billion, a P/E ratio of -320.33 and a beta of 1.13.

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

Wall Street Analyst Weigh In

LILAK has been the topic of a number of research analyst reports. StockNews.com cut shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Pivotal Research dropped their target price on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. 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 research report 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.