Liberty Latin America Ltd. (NASDAQ:LILAK) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in Liberty Latin America Ltd. (NASDAQ:LILAK – Get Rating) by 1.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 166,523 shares of the company’s stock after selling 3,098 shares during the period. Russell Investments Group Ltd. owned 0.08% of Liberty Latin America worth $1,266,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LILAK. Long Focus Capital Management LLC boosted its stake in Liberty Latin America by 54.3% in the third quarter. Long Focus Capital Management LLC now owns 2,060,900 shares of the company’s stock valued at $12,675,000 after acquiring an additional 724,900 shares during the period. Dimensional Fund Advisors LP boosted 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 valued at $67,065,000 after acquiring an additional 536,718 shares during the period. Prudential Financial Inc. boosted its stake in Liberty Latin America by 80.1% in the first quarter. Prudential Financial Inc. now owns 940,556 shares of the company’s stock valued at $9,020,000 after acquiring an additional 418,201 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Liberty Latin America by 135.0% in the third quarter. CIBC Private Wealth Group LLC now owns 683,349 shares of the company’s stock valued at $4,203,000 after acquiring an additional 392,550 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Liberty Latin America by 81.3% in the first quarter. Renaissance Technologies LLC now owns 587,225 shares of the company’s stock valued at $5,631,000 after acquiring an additional 263,400 shares during the period. 56.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Pivotal Research lifted their target price on Liberty Latin America from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Tuesday, April 11th. Scotiabank downgraded Liberty Latin America from a “sector outperform” rating to a “sector perform” rating and set a $2.50 price objective for the company. in a research report on Thursday, May 18th. TheStreet downgraded Liberty Latin America from a “c-” rating to a “d” rating in a research report on Friday, May 19th. Finally, StockNews.com started coverage on Liberty Latin America in a research report on Thursday, May 18th. They set a “hold” rating for the company.

Insiders Place Their Bets

In other news, Director Eric Louis Zinterhofer bought 75,000 shares of the business’s stock in a transaction on Thursday, March 16th. The stock was purchased at an average cost of $7.82 per share, for a total transaction of $586,500.00. Following the completion of the transaction, the director now directly owns 12,143,289 shares of the company’s stock, valued at approximately $94,960,519.98. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.66% of the stock is currently owned by insiders.

Liberty Latin America Price Performance

Shares of NASDAQ:LILAK opened at $7.68 on Thursday. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of -5.65 and a beta of 1.31. Liberty Latin America Ltd. has a 12 month low of $5.88 and a 12 month high of $9.98. The stock’s 50 day moving average price is $8.19 and its 200 day moving average price is $8.30.

Liberty Latin America (NASDAQ:LILAK – Get Rating) last released its earnings results on Monday, May 8th. The company reported ($0.23) earnings per share for the quarter. The business had revenue of $1.10 billion during the quarter.

Liberty Latin America Company Profile

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Liberty Latin America Ltd. is a holding company, which engages in the provision of fixed, mobile, and subsea telecommunications services. It operates through the following segments: C and W Carribean, C and W Panama, Cand W Networks and LatAm, Liberty Puerto Rico, Liberty Costa Rica, and VTR. The company was founded in 2010 and is headquartered in Denver, CO.