Liberty Latin America Ltd. (NASDAQ:LILAK) Major Shareholder John C. Malone Acquires 106,900 Shares

Liberty Latin America Ltd. (NASDAQ:LILAK) major shareholder John C. Malone bought 106,900 shares of Liberty Latin America stock in a transaction dated Thursday, March 28th. The stock was acquired at an average price of $6.99 per share, with a total value of $747,231.00. Following the completion of the transaction, the insider now directly owns 8,827,614 shares of the company’s stock, valued at $61,705,021.86. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Liberty Latin America Stock Down 1.3 %

NASDAQ:LILAK opened at $6.99 on Friday. Liberty Latin America Ltd. has a 52-week low of $5.95 and a 52-week high of $9.73. The stock has a fifty day simple moving average of $6.72 and a 200-day simple moving average of $7.11.

Liberty Latin America (NASDAQ:LILAK) 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.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Friday, March 8th.

Hedge Funds Weigh In On Liberty Latin America

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. raised its position in shares of Liberty Latin America by 102.6% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 3,600 shares of the company’s stock valued at $30,000 after acquiring an additional 1,823 shares in the last quarter. Point72 Middle East FZE acquired a new position in shares of Liberty Latin America in the 4th quarter valued at $31,000. Lazard Asset Management LLC acquired a new position in shares of Liberty Latin America in the 4th quarter valued at $37,000. Bfsg LLC purchased a new stake in Liberty Latin America in the 4th quarter worth about $41,000. Finally, Federated Hermes Inc. lifted its stake in Liberty Latin America by 543.7% in 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 in the last quarter. Hedge funds and other institutional investors own 52.98% 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.