Credit Suisse AG Sells 101,684 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Credit Suisse AG cut its holdings in Liberty Latin America Ltd. (NASDAQ:LILAK) by 21.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 368,626 shares of the company’s stock after selling 101,684 shares during the period. Credit Suisse AG owned 0.17% of Liberty Latin America worth $3,045,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LILAK. Point72 Middle East FZE purchased a new position in shares of Liberty Latin America in the 4th quarter worth $31,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Liberty Latin America by 892.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,534 shares of the company’s stock worth $37,000 after acquiring an additional 4,077 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Liberty Latin America during the 4th quarter valued at about $37,000. Captrust Financial Advisors lifted its holdings in Liberty Latin America by 94.8% during the 1st quarter. Captrust Financial Advisors now owns 4,388 shares of the company’s stock valued at $42,000 after buying an additional 2,135 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in Liberty Latin America by 84.8% during the 1st quarter. Exchange Traded Concepts LLC now owns 6,728 shares of the company’s stock valued at $56,000 after buying an additional 3,088 shares in the last quarter. 56.84% of the stock is currently owned by institutional investors.

Liberty Latin America Stock Performance

Liberty Latin America stock opened at $8.75 on Friday. The firm has a market cap of $1.82 billion, a PE ratio of 9.62 and a beta of 1.34. Liberty Latin America Ltd. has a twelve month low of $5.88 and a twelve month high of $9.98. The firm’s 50 day moving average price is $8.56 and its two-hundred day moving average price is $8.37.

Analysts Set New Price Targets

LILAK has been the topic of a number of analyst reports. TheStreet raised shares of Liberty Latin America from a “d” rating to a “c-” rating in a research report on Friday, August 11th. Scotiabank lowered shares of Liberty Latin America from a “sector outperform” rating to a “sector perform” rating and set a $2.50 target price for the company. in a report on Thursday, May 18th. Finally, StockNews.com started coverage on Liberty Latin America in a report on Thursday, August 17th. They set a “hold” rating for the company.

Insider Buying and Selling

In other Liberty Latin America news, SVP John M. Winter sold 21,646 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $9.15, for a total transaction of $198,060.90. Following the sale, the senior vice president now owns 238,568 shares of the company’s stock, valued at $2,182,897.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.66% of the stock is owned by insiders.

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, C&W Network & LatAm, Liberty Puerto Rico, Liberty Costa Rico, and VTR 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.