UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 33,789 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 11.4% during the third quarter, Holdings Channel reports. The fund owned 263,711 shares of the company’s stock after selling 33,789 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Liberty Latin America were worth $2,503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC lifted its holdings in Liberty Latin America by 69.2% during the 3rd quarter. FMR LLC now owns 15,600,000 shares of the company’s stock worth $148,044,000 after buying an additional 6,379,203 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Liberty Latin America by 24.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock valued at $29,045,000 after acquiring an additional 600,689 shares during the period. Banco Santander S.A. bought a new position in Liberty Latin America in the second quarter valued at about $13,188,000. Millennium Management LLC increased its position in Liberty Latin America by 305.1% in the second quarter. Millennium Management LLC now owns 986,782 shares of the company’s stock worth $9,493,000 after purchasing an additional 743,197 shares during the period. Finally, Empowered Funds LLC raised its holdings in Liberty Latin America by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 891,148 shares of the company’s stock worth $8,457,000 after purchasing an additional 45,426 shares during the last quarter. 52.98% of the stock is owned by institutional investors and hedge funds.

Liberty Latin America Trading Down 1.0 %

LILAK opened at $6.67 on Friday. The firm’s fifty day moving average is $8.20 and its two-hundred day moving average is $9.01. The firm has a market cap of $1.31 billion, a PE ratio of -2.28 and a beta of 1.04. Liberty Latin America Ltd. has a twelve month low of $5.95 and a twelve month high of $10.93. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LILAK shares. Scotiabank reduced their target price on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group reduced their price objective on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th.

Insider Buying and Selling

In related news, Director Brendan J. Paddick bought 5,053 shares of the company’s stock in a transaction on Friday, November 29th. The shares were purchased at an average cost of $6.93 per share, for a total transaction of $35,017.29. Following the acquisition, the director now owns 1,343,021 shares of the company’s stock, valued at approximately $9,307,135.53. This represents a 0.38 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have acquired 106,298 shares of company stock valued at $735,327. 9.66% of the stock is owned by company insiders.

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.