Allianz Asset Management GmbH Grows Stock Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

Allianz Asset Management GmbH raised its holdings in Liberty Latin America Ltd. (NASDAQ:LILAKFree Report) by 117.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 188,225 shares of the company’s stock after acquiring an additional 101,576 shares during the period. Allianz Asset Management GmbH owned 0.09% of Liberty Latin America worth $1,382,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bfsg LLC purchased a new stake in shares of Liberty Latin America during the 4th quarter valued at $41,000. Federated Hermes Inc. boosted its holdings in Liberty Latin America by 543.7% in the third quarter. Federated Hermes Inc. now owns 5,111 shares of the company’s stock valued at $42,000 after acquiring an additional 4,317 shares during the last quarter. Aigen Investment Management LP purchased a new stake in Liberty Latin America during the third quarter valued at about $100,000. Cullen Investment Group LTD. acquired a new stake in Liberty Latin America during the fourth quarter worth about $125,000. Finally, Teza Capital Management LLC purchased a new position in shares of Liberty Latin America in the 3rd quarter worth about $134,000. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Liberty Latin America Stock Performance

Liberty Latin America stock opened at $8.88 on Monday. The firm has a market capitalization of $1.75 billion, a PE ratio of -295.90 and a beta of 1.11. Liberty Latin America Ltd. has a one year low of $5.95 and a one year high of $9.73. The stock’s 50 day moving average price is $8.04 and its 200 day moving average price is $7.30.

Insider Activity

In other news, major shareholder John C. Malone purchased 484,673 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were purchased at an average price of $6.72 per share, with a total value of $3,257,002.56. Following the purchase, the insider now directly owns 8,360,255 shares of the company’s stock, valued at approximately $56,180,913.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Paul A. Gould acquired 200,000 shares of Liberty Latin America stock in a transaction that occurred on Wednesday, March 20th. The shares were purchased at an average cost of $6.47 per share, for a total transaction of $1,294,000.00. Following the completion of the purchase, the director now directly owns 445,916 shares of the company’s stock, valued at approximately $2,885,076.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder John C. Malone purchased 484,673 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was acquired at an average cost of $6.72 per share, with a total value of $3,257,002.56. Following the completion of the acquisition, the insider now directly owns 8,360,255 shares in the company, valued at approximately $56,180,913.60. The disclosure for this purchase can be found here. Insiders have bought 1,220,056 shares of company stock worth $8,247,512 over the last 90 days. Company insiders own 9.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LILAK. Scotiabank upgraded Liberty Latin America from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $7.70 to $10.70 in a report on Monday, May 13th. Pivotal Research boosted their price objective on shares of Liberty Latin America from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, StockNews.com downgraded shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Friday, March 8th.

Check Out Our Latest Research Report on Liberty Latin America

Liberty Latin America Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Liberty Latin America (NASDAQ:LILAK)

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