Liberty Latin America Ltd. (NASDAQ:LILAK) SVP Aamir Hussain Acquires 10,000 Shares

Liberty Latin America Ltd. (NASDAQ:LILAKGet Rating) SVP Aamir Hussain acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, May 24th. The shares were purchased at an average price of $8.99 per share, with a total value of $89,900.00. Following the transaction, the senior vice president now owns 10,000 shares of the company’s stock, valued at $89,900. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NASDAQ:LILAK traded up $0.15 during trading on Thursday, reaching $9.43. The company’s stock had a trading volume of 967,013 shares, compared to its average volume of 1,171,422. Liberty Latin America Ltd. has a 12 month low of $7.76 and a 12 month high of $14.95. The firm’s 50 day simple moving average is $9.71 and its two-hundred day simple moving average is $10.61. The stock has a market capitalization of $2.13 billion, a PE ratio of -5.06 and a beta of 1.30.

Liberty Latin America (NASDAQ:LILAKGet Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The company reported ($0.51) EPS for the quarter. The company had revenue of $1.28 billion for the quarter.

A number of research analysts have recently weighed in on the company. Citigroup cut their price objective on Liberty Latin America from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, March 11th. StockNews.com began coverage on shares of Liberty Latin America in a report on Thursday, March 31st. They issued a “hold” rating for the company. TheStreet raised shares of Liberty Latin America from a “d” rating to a “c-” rating in a report on Friday, May 13th. Finally, Scotiabank raised shares of Liberty Latin America from an “underperform” rating to a “sector perform” rating in a report on Thursday, May 5th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Liberty Latin America currently has an average rating of “Buy” and an average target price of $18.50.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Genesis Investment Management LLP lifted its stake in Liberty Latin America by 1.6% in the first quarter. Genesis Investment Management LLP now owns 9,976,715 shares of the company’s stock worth $95,677,000 after purchasing an additional 157,368 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Liberty Latin America by 8.3% in the first quarter. Dimensional Fund Advisors LP now owns 6,993,024 shares of the company’s stock worth $67,065,000 after purchasing an additional 536,718 shares during the last quarter. Canyon Capital Advisors LLC lifted its stake in Liberty Latin America by 21.4% in the first quarter. Canyon Capital Advisors LLC now owns 4,783,551 shares of the company’s stock worth $45,874,000 after purchasing an additional 842,561 shares during the last quarter. Vanguard Group Inc. lifted its stake in Liberty Latin America by 4.0% in the first quarter. Vanguard Group Inc. now owns 3,452,758 shares of the company’s stock worth $33,111,000 after purchasing an additional 131,796 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Liberty Latin America by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 3,008,940 shares of the company’s stock worth $34,301,000 after purchasing an additional 125,006 shares during the last quarter. 59.43% of the stock is owned by institutional investors and hedge funds.

Liberty Latin America Company Profile (Get Rating)

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. It offers communications and entertainment services, including video, broadband internet, fixed-line telephony, and mobile 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.

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