MetLife Investment Management LLC Decreases Position in Liberty Latin America Ltd. (NASDAQ:LILAK)

MetLife Investment Management LLC reduced its position in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,083 shares of the company’s stock after selling 2,735 shares during the period. MetLife Investment Management LLC’s holdings in Liberty Latin America were worth $694,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in LILAK. nVerses Capital LLC acquired a new position in Liberty Latin America during the third quarter worth about $55,000. Algert Global LLC purchased a new position in Liberty Latin America in the 2nd quarter worth approximately $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its holdings in shares of Liberty Latin America by 29.9% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company’s stock worth $132,000 after purchasing an additional 3,150 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Liberty Latin America in the third quarter valued at approximately $209,000. Finally, Intech Investment Management LLC purchased a new stake in shares of Liberty Latin America in the third quarter valued at approximately $250,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock opened at $6.82 on Friday. The firm has a market cap of $1.34 billion, a PE ratio of -2.33 and a beta of 1.04. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. Liberty Latin America Ltd. has a 52 week low of $5.95 and a 52 week high of $10.93. The business’s fifty day simple moving average is $8.48 and its 200-day simple moving average is $9.07.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LILAK. Scotiabank reduced their price objective on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group reduced their price target on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday. StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. Finally, Pivotal Research reduced their target price on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 12th.

Insider Activity at Liberty Latin America

In other news, Director Brendan J. Paddick purchased 5,053 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were bought at an average cost of $6.93 per share, for a total transaction of $35,017.29. Following the completion of the purchase, the director now directly owns 1,343,021 shares of the company’s stock, valued at approximately $9,307,135.53. This trade represents a 0.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders have purchased 106,298 shares of company stock worth $735,327. Company insiders own 9.66% 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.