Brian D. Zook Sells 26,197 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK) Stock

Liberty Latin America Ltd. (NASDAQ:LILAK) CAO Brian D. Zook sold 26,197 shares of Liberty Latin America stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total transaction of $250,967.26. Following the completion of the sale, the chief accounting officer now owns 28,788 shares in the company, valued at $275,789.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liberty Latin America Trading Down 2.6 %

NASDAQ LILAK opened at $9.21 on Friday. The firm has a market capitalization of $1.82 billion, a P/E ratio of -307.00 and a beta of 1.14. The firm’s fifty day moving average price is $9.56 and its two-hundred day moving average price is $8.18. Liberty Latin America Ltd. has a 1 year low of $5.95 and a 1 year high of $10.93.

Liberty Latin America (NASDAQ:LILAK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). The company had revenue of $1.12 billion during the quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LILAK shares. Pivotal Research cut their price target on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. StockNews.com lowered Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Scotiabank upgraded Liberty Latin America from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $7.70 to $10.70 in a research note on Monday, May 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Truist Financial Corp bought a new stake in Liberty Latin America in the 2nd quarter valued at $481,000. Algert Global LLC bought a new position in Liberty Latin America during the second quarter worth $126,000. The Manufacturers Life Insurance Company increased its holdings in shares of Liberty Latin America by 9.9% in the second quarter. The Manufacturers Life Insurance Company now owns 71,204 shares of the company’s stock valued at $685,000 after purchasing an additional 6,387 shares during the last quarter. Millennium Management LLC raised its position in shares of Liberty Latin America by 305.1% in the second quarter. Millennium Management LLC now owns 986,782 shares of the company’s stock valued at $9,493,000 after purchasing an additional 743,197 shares during the period. Finally, AQR Capital Management LLC lifted its stake in shares of Liberty Latin America by 77.9% during the 2nd quarter. AQR Capital Management LLC now owns 243,788 shares of the company’s stock worth $2,345,000 after buying an additional 106,721 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors.

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.