Franklin Resources Inc. Acquires 8,454 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Franklin Resources Inc. grew its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 10.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,461 shares of the company’s stock after buying an additional 8,454 shares during the quarter. Franklin Resources Inc.’s holdings in Liberty Latin America were worth $868,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in LILAK. Bank of New York Mellon Corp boosted its holdings in Liberty Latin America by 8.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 583,018 shares of the company’s stock worth $5,609,000 after acquiring an additional 46,919 shares during the last quarter. Principal Financial Group Inc. boosted its position in Liberty Latin America by 6.7% in the second quarter. Principal Financial Group Inc. now owns 66,269 shares of the company’s stock worth $638,000 after purchasing an additional 4,180 shares during the last quarter. American Century Companies Inc. boosted its position in Liberty Latin America by 11.6% in the second quarter. American Century Companies Inc. now owns 217,427 shares of the company’s stock worth $2,092,000 after purchasing an additional 22,580 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Liberty Latin America during the 2nd quarter worth $593,000. Finally, Canada Pension Plan Investment Board bought a new stake in Liberty Latin America in the second quarter worth about $1,894,000. 52.98% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Brendan J. Paddick acquired 5,053 shares of the stock in a transaction dated Friday, November 29th. The shares were purchased at an average price of $6.93 per share, for a total transaction of $35,017.29. Following the transaction, the director now owns 1,343,021 shares in the company, valued at $9,307,135.53. This represents a 0.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders have acquired 156,298 shares of company stock worth $1,043,886. Corporate insiders own 9.66% of the company’s stock.

Liberty Latin America Stock Performance

Liberty Latin America stock opened at $6.38 on Monday. The firm’s 50 day simple moving average is $7.55 and its 200 day simple moving average is $8.83. The firm has a market capitalization of $1.25 billion, a PE ratio of -2.18 and a beta of 1.04. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. Liberty Latin America Ltd. has a 1-year low of $5.95 and a 1-year high of $10.93.

Wall Street Analyst Weigh In

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

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.