PDT Partners LLC Reduces Stake in Liberty Latin America Ltd. (NASDAQ:LILAK)

PDT Partners LLC reduced its stake in Liberty Latin America Ltd. (NASDAQ:LILAK) by 32.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 39,080 shares of the company’s stock after selling 18,466 shares during the period. PDT Partners LLC’s holdings in Liberty Latin America were worth $371,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Liberty Latin America by 69.2% in the 3rd quarter. FMR LLC now owns 15,600,000 shares of the company’s stock valued at $148,044,000 after buying an additional 6,379,203 shares in the last quarter. Vanguard Group Inc. grew its holdings in Liberty Latin America by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock valued at $22,867,000 after buying an additional 197,988 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Liberty Latin America by 24.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock valued at $29,045,000 after buying an additional 600,689 shares in the last quarter. Genesis Investment Management LLP grew its holdings in Liberty Latin America by 39.4% in the 2nd quarter. Genesis Investment Management LLP now owns 2,609,237 shares of the company’s stock valued at $25,101,000 after buying an additional 737,883 shares in the last quarter. Finally, Banco Santander S.A. purchased a new stake in Liberty Latin America in the 2nd quarter valued at $13,188,000. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Price Performance

LILAK opened at $6.95 on Wednesday. The stock’s 50-day moving average price is $8.65 and its 200 day moving average price is $9.11. Liberty Latin America Ltd. has a 12-month low of $5.95 and a 12-month high of $10.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -2.37 and a beta of 1.04.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com lowered Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. 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 research note on Friday, November 8th. Pivotal Research decreased their price target 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, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $10.50 price target (up previously from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th.

Insider Buying and Selling

In other news, Director Brendan J. Paddick bought 35,475 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average price of $7.04 per share, with a total value of $249,744.00. Following the purchase, the director now owns 1,273,443 shares in the company, valued at approximately $8,965,038.72. The trade was a 2.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 9.66% of the stock is owned by corporate insiders.

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.