Empowered Funds LLC Acquires 45,426 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Empowered Funds LLC increased its holdings in Liberty Latin America Ltd. (NASDAQ:LILAK) by 5.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 891,148 shares of the company’s stock after acquiring an additional 45,426 shares during the quarter. Empowered Funds LLC owned about 0.45% of Liberty Latin America worth $8,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of LILAK. ProShare Advisors LLC boosted its position in Liberty Latin America by 8.5% in the first quarter. ProShare Advisors LLC now owns 24,721 shares of the company’s stock worth $173,000 after purchasing an additional 1,944 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in 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 valued at $132,000 after purchasing an additional 3,150 shares during the period. Principal Financial Group Inc. boosted its stake in Liberty Latin America by 6.7% in the 2nd 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 period. Price T Rowe Associates Inc. MD grew its holdings in Liberty Latin America by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 110,116 shares of the company’s stock valued at $770,000 after buying an additional 4,487 shares in the last quarter. Finally, nVerses Capital LLC bought a new stake in shares of Liberty Latin America during the third quarter valued at approximately $55,000. 52.98% of the stock is owned by hedge funds and other institutional investors.

Liberty Latin America Price Performance

NASDAQ LILAK opened at $6.39 on Friday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -2.18 and a beta of 1.12. The stock’s fifty day moving average price is $9.23 and its 200 day moving average price is $9.21. Liberty Latin America Ltd. has a 1 year low of $5.95 and a 1 year high of $10.93.

Insider Transactions at Liberty Latin America

In other Liberty Latin America news, CAO Brian D. Zook sold 26,197 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total transaction of $250,967.26. Following the transaction, the chief accounting officer now owns 28,788 shares in the company, valued at approximately $275,789.04. This represents a 47.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.66% of the company’s stock.

Analyst Upgrades and Downgrades

LILAK has been the topic of several recent research reports. Scotiabank decreased their price target on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $10.50 price target (up from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th. Pivotal Research reduced their target price on 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. Finally, StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th.

Liberty Latin America 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.