Liberty Latin America Ltd. (NASDAQ:LILAK) Major Shareholder John C. Malone Purchases 106,900 Shares

Liberty Latin America Ltd. (NASDAQ:LILAK) major shareholder John C. Malone purchased 106,900 shares of the business’s stock in a transaction dated Thursday, March 28th. The shares were purchased at an average price of $6.99 per share, for a total transaction of $747,231.00. Following the purchase, the insider now owns 8,827,614 shares of the company’s stock, valued at approximately $61,705,021.86. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Liberty Latin America Stock Performance

LILAK traded down $0.09 on Thursday, hitting $6.99. The company had a trading volume of 1,360,364 shares, compared to its average volume of 1,285,376. The stock has a fifty day moving average price of $6.72 and a 200-day moving average price of $7.11. Liberty Latin America Ltd. has a 12-month low of $5.95 and a 12-month high of $9.73. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of -26.88 and a beta of 1.16.

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

Hedge Funds Weigh In On Liberty Latin America

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its holdings in shares of Liberty Latin America by 16.7% during the first quarter. Dimensional Fund Advisors LP now owns 9,765,770 shares of the company’s stock worth $80,664,000 after purchasing an additional 1,397,504 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Liberty Latin America by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,758,415 shares of the company’s stock worth $27,587,000 after purchasing an additional 120,234 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Liberty Latin America by 4.0% during the first quarter. Vanguard Group Inc. now owns 3,452,758 shares of the company’s stock worth $33,111,000 after purchasing an additional 131,796 shares during the period. DAVENPORT & Co LLC lifted its holdings in Liberty Latin America by 4.8% in the fourth quarter. DAVENPORT & Co LLC now owns 3,268,785 shares of the company’s stock valued at $23,930,000 after acquiring an additional 149,701 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Liberty Latin America by 0.9% in the second quarter. Geode Capital Management LLC now owns 3,096,597 shares of the company’s stock valued at $26,693,000 after acquiring an additional 28,851 shares during the period. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Analyst Ratings Changes

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

Liberty Latin America Company 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, 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.