Liberty Latin America Ltd. (NASDAQ:LILAK) Major Shareholder John C. Malone Buys 342,703 Shares

Liberty Latin America Ltd. (NASDAQ:LILAK) major shareholder John C. Malone acquired 342,703 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was purchased at an average price of $6.96 per share, with a total value of $2,385,212.88. Following the completion of the transaction, the insider now directly owns 8,702,958 shares of the company’s stock, valued at approximately $60,572,587.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Liberty Latin America Stock Down 1.3 %

Shares of LILAK opened at $6.99 on Friday. The firm’s 50 day simple moving average is $6.72 and its 200 day simple moving average is $7.11. Liberty Latin America Ltd. has a 1-year low of $5.95 and a 1-year high of $9.73.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Fourth Sail Capital LP bought a new stake in Liberty Latin America in the fourth quarter valued at $19,871,000. Charles Schwab Investment Management Inc. boosted its holdings in Liberty Latin America by 110.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,944,851 shares of the company’s stock valued at $24,324,000 after acquiring an additional 1,542,322 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Liberty Latin America by 16.7% in the first quarter. Dimensional Fund Advisors LP now owns 9,765,770 shares of the company’s stock valued at $80,664,000 after acquiring an additional 1,397,504 shares in the last quarter. Norges Bank bought a new stake in Liberty Latin America in the fourth quarter valued at $10,077,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Liberty Latin America by 184.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 910,938 shares of the company’s stock valued at $7,524,000 after acquiring an additional 591,149 shares in the last quarter. Institutional investors own 52.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of 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.