Liberty Latin America Ltd. (NASDAQ:LILAK) Major Shareholder John C. Malone Buys 342,703 Shares

Liberty Latin America Ltd. (NASDAQ:LILAK) major shareholder John C. Malone acquired 342,703 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was acquired at an average price of $6.96 per share, with a total value of $2,385,212.88. Following the acquisition, the insider now owns 8,702,958 shares in the company, valued at $60,572,587.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Liberty Latin America Stock Down 1.3 %

Shares of NASDAQ LILAK traded down $0.09 during midday trading on Thursday, reaching $6.99. The stock had a trading volume of 1,360,364 shares, compared to its average volume of 1,285,376. The company’s 50 day moving average price is $6.72 and its 200 day moving average price is $7.11. Liberty Latin America Ltd. has a twelve month low of $5.95 and a twelve month high of $9.73.

Liberty Latin America (NASDAQ:LILAK) last released its earnings results on Thursday, February 22nd. The company reported ($0.49) earnings per share (EPS) for the quarter. The company had revenue of $1.16 billion for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Friday, March 8th.

Institutional Investors Weigh In On Liberty Latin America

Several large investors have recently added to or reduced their stakes in LILAK. Nomura Asset Management Co. Ltd. increased its holdings in Liberty Latin America by 102.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,600 shares of the company’s stock worth $30,000 after purchasing an additional 1,823 shares in the last quarter. Point72 Middle East FZE bought a new stake in Liberty Latin America in the fourth quarter worth approximately $31,000. Lazard Asset Management LLC bought a new stake in Liberty Latin America in the fourth quarter worth approximately $37,000. Bfsg LLC bought a new stake in shares of Liberty Latin America during the fourth quarter valued at approximately $41,000. Finally, Federated Hermes Inc. increased its holdings in shares of Liberty Latin America by 543.7% during 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 in the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

About Liberty Latin America

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.