DAVENPORT & Co LLC Raises Stock Position in Liberty Latin America Ltd. (NASDAQ:LILAK)

DAVENPORT & Co LLC lifted its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,268,785 shares of the company's stock after purchasing an additional 149,701 shares during the period. DAVENPORT & Co LLC owned approximately 1.60% of Liberty Latin America worth $23,930,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Nomura Asset Management Co. Ltd. increased its position in Liberty Latin America by 102.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 3,600 shares of the company's stock worth $30,000 after purchasing an additional 1,823 shares during the period. Point72 Middle East FZE bought a new stake in shares of Liberty Latin America during the fourth quarter worth approximately $31,000. Lazard Asset Management LLC bought a new position in Liberty Latin America in the fourth quarter valued at approximately $37,000. Federated Hermes Inc. grew its holdings in Liberty Latin America by 543.7% during the 3rd quarter. Federated Hermes Inc. now owns 5,111 shares of the company's stock worth $42,000 after acquiring an additional 4,317 shares during the period. Finally, Captrust Financial Advisors raised its position in shares of Liberty Latin America by 94.8% during the 1st quarter. Captrust Financial Advisors now owns 4,388 shares of the company's stock valued at $42,000 after acquiring an additional 2,135 shares during the last quarter. 52.98% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Paul A. Gould bought 200,000 shares of the business's stock in a transaction that occurred on Wednesday, March 20th. The stock was acquired at an average cost of $6.47 per share, for a total transaction of $1,294,000.00. Following the purchase, the director now owns 445,916 shares of the company's stock, valued at approximately $2,885,076.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder John C. Malone acquired 35,780 shares of the business's stock in a transaction on Wednesday, March 20th. The stock was purchased at an average cost of $6.43 per share, for a total transaction of $230,065.40. Following the completion of the transaction, the insider now directly owns 7,402,498 shares of the company's stock, valued at approximately $47,598,062.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Paul A. Gould acquired 200,000 shares of Liberty Latin America stock in a transaction dated Wednesday, March 20th. The shares were purchased at an average price of $6.47 per share, with a total value of $1,294,000.00. Following the acquisition, the director now owns 445,916 shares of the company's stock, valued at $2,885,076.52. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 1,220,056 shares of company stock valued at $8,247,512. 9.66% of the stock is currently owned by corporate insiders.

Liberty Latin America Price Performance

NASDAQ:LILAK traded up $0.44 during trading hours on Wednesday, reaching $7.40. 1,575,618 shares of the stock were exchanged, compared to its average volume of 1,289,691. The stock has a market cap of $1.52 billion, a PE ratio of -28.46 and a beta of 1.17. Liberty Latin America Ltd. has a twelve month low of $5.95 and a twelve month high of $9.73. The firm has a 50 day moving average of $6.71 and a 200 day moving average of $7.05.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported ($0.49) EPS for the quarter. The firm had revenue of $1.16 billion for the quarter.

Wall Street Analysts Forecast Growth

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

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.