Dynamic Technology Lab Private Ltd Acquires New Stake in Liberty Latin America Ltd. (NASDAQ:LILAK)

Dynamic Technology Lab Private Ltd bought a new position in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) during the 3rd quarter, Holdings Channel.com reports. The firm bought 22,049 shares of the company’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LILAK. Vanguard Group Inc. grew its holdings in Liberty Latin America by 6.4% in the first 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 during the period. Segall Bryant & Hamill LLC acquired a new position in shares of Liberty Latin America during the third quarter valued at about $1,041,000. XTX Topco Ltd bought a new position in Liberty Latin America in the 2nd quarter valued at about $593,000. Algert Global LLC acquired a new position in Liberty Latin America during the 2nd quarter valued at about $126,000. Finally, nVerses Capital LLC purchased a new stake in Liberty Latin America in the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

Insider Buying and Selling at Liberty Latin America

In other Liberty Latin America news, Director Brendan J. Paddick acquired 35,475 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were acquired at an average cost of $7.04 per share, with a total value of $249,744.00. Following the completion of the acquisition, the director now directly owns 1,273,443 shares in the company, valued at $8,965,038.72. This trade represents a 2.87 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 9.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on LILAK. Pivotal Research cut their price objective 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. The Goldman Sachs Group restated a “neutral” rating and set a $10.50 price target (up from $9.30) on shares of Liberty Latin America in a report on Wednesday, September 4th. StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, Scotiabank cut their target price on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th.

Liberty Latin America Stock Performance

Shares of NASDAQ:LILAK opened at $7.03 on Tuesday. Liberty Latin America Ltd. has a fifty-two week low of $5.95 and a fifty-two week high of $10.93. The company’s 50-day moving average is $8.70 and its 200 day moving average is $9.12. The company has a market capitalization of $1.38 billion, a P/E ratio of -2.40 and a beta of 1.12.

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.