Teacher Retirement System of Texas Sells 12,763 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Teacher Retirement System of Texas trimmed its holdings in Liberty Latin America Ltd. (NASDAQ:LILAKFree Report) by 41.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,215 shares of the company’s stock after selling 12,763 shares during the quarter. Teacher Retirement System of Texas’ holdings in Liberty Latin America were worth $134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in shares of Liberty Latin America by 543.7% in the third quarter. Federated Hermes Inc. now owns 5,111 shares of the company’s stock worth $42,000 after buying an additional 4,317 shares during the last quarter. Bfsg LLC purchased a new position in Liberty Latin America during the fourth quarter valued at approximately $41,000. Aigen Investment Management LP purchased a new position in Liberty Latin America during the third quarter valued at approximately $100,000. Teza Capital Management LLC purchased a new position in Liberty Latin America during the third quarter valued at approximately $134,000. Finally, Cullen Investment Group LTD. bought a new stake in shares of Liberty Latin America during the fourth quarter valued at approximately $125,000. 52.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. StockNews.com cut shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Pivotal Research boosted their price target on shares of Liberty Latin America from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Scotiabank upgraded shares of Liberty Latin America from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $7.70 to $10.70 in a research report on Monday, May 13th.

Read Our Latest Analysis on LILAK

Insider Activity

In other news, CAO Brian D. Zook sold 27,711 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $6.76, for a total transaction of $187,326.36. Following the completion of the sale, the chief accounting officer now directly owns 34,798 shares of the company’s stock, valued at $235,234.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Liberty Latin America news, Director Paul A. Gould acquired 200,000 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was bought at an average cost of $6.47 per share, with a total value of $1,294,000.00. Following the completion of the purchase, the director now directly owns 445,916 shares in the company, valued at $2,885,076.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian D. Zook sold 27,711 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $6.76, for a total transaction of $187,326.36. Following the completion of the sale, the chief accounting officer now directly owns 34,798 shares of the company’s stock, valued at $235,234.48. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 1,220,056 shares of company stock valued at $8,247,512. 9.66% of the stock is currently owned by company insiders.

Liberty Latin America Trading Up 3.6 %

Shares of LILAK opened at $8.94 on Friday. The firm has a market capitalization of $1.76 billion, a P/E ratio of -297.90 and a beta of 1.11. Liberty Latin America Ltd. has a 12-month low of $5.95 and a 12-month high of $9.73. The firm has a fifty day moving average price of $7.75 and a 200-day moving average price of $7.20.

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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