Cornerstone Investment Partners LLC Takes $161,000 Position in Liberty Latin America Ltd. (NASDAQ:LILAK)

Cornerstone Investment Partners LLC purchased a new stake in Liberty Latin America Ltd. (NASDAQ:LILAK) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 21,898 shares of the company’s stock, valued at approximately $161,000.

A number of other large investors also recently modified their holdings of the company. CenterBook Partners LP lifted its stake in shares of Liberty Latin America by 0.7% in the 1st quarter. CenterBook Partners LP now owns 186,158 shares of the company’s stock valued at $1,538,000 after acquiring an additional 1,361 shares during the last quarter. California State Teachers Retirement System raised its position in Liberty Latin America by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 183,820 shares of the company’s stock worth $1,585,000 after purchasing an additional 1,513 shares during the last quarter. Ancora Advisors LLC raised its position in Liberty Latin America by 0.4% during the 3rd quarter. Ancora Advisors LLC now owns 379,641 shares of the company’s stock worth $3,098,000 after purchasing an additional 1,630 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in 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 worth $30,000 after purchasing an additional 1,823 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Liberty Latin America by 4.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 40,858 shares of the company’s stock worth $352,000 after purchasing an additional 1,900 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors.

Liberty Latin America Stock Up 0.8 %

Shares of NASDAQ:LILAK opened at $7.26 on Friday. The firm has a market cap of $1.49 billion, a P/E ratio of -27.92 and a beta of 1.17. Liberty Latin America Ltd. has a 12-month low of $5.95 and a 12-month high of $9.73. The business has a fifty day simple moving average of $6.78 and a 200 day simple moving average of $6.99.

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Liberty Latin America

In other Liberty Latin America news, major shareholder John C. Malone acquired 484,673 shares of the stock in a transaction dated Friday, March 22nd. The stock was purchased at an average cost of $6.72 per share, with a total value of $3,257,002.56. Following the transaction, the insider now owns 8,360,255 shares in the company, valued at approximately $56,180,913.60. The acquisition was disclosed in a filing with the SEC, which is available at this link. In other news, major shareholder John C. Malone bought 484,673 shares of Liberty Latin America stock in a transaction dated Friday, March 22nd. The stock was bought at an average cost of $6.72 per share, for a total transaction of $3,257,002.56. Following the purchase, the insider now directly owns 8,360,255 shares in the company, valued at approximately $56,180,913.60. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian D. Zook sold 27,711 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $6.76, for a total value of $187,326.36. Following the completion of the sale, the chief accounting officer now owns 34,798 shares of the company’s stock, valued at $235,234.48. The disclosure for this sale can be found here. In the last ninety days, insiders acquired 1,220,056 shares of company stock valued at $8,247,512. Corporate insiders own 9.66% of the company’s stock.

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.