Charles Schwab Investment Management Inc. raised its stake in Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 28.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,929,978 shares of the company's stock after buying an additional 869,420 shares during the period. Charles Schwab Investment Management Inc. owned 2.00% of Liberty Latin America worth $24,916,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in LILAK. Segall Bryant & Hamill LLC acquired a new stake in Liberty Latin America in the third quarter valued at approximately $1,041,000. Intech Investment Management LLC acquired a new position in shares of Liberty Latin America during the third quarter worth $250,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Liberty Latin America during the third quarter worth $209,000. FMR LLC lifted its holdings in shares of Liberty Latin America by 69.2% during the third quarter. FMR LLC now owns 15,600,000 shares of the company's stock worth $148,044,000 after purchasing an additional 6,379,203 shares during the period. Finally, Verition Fund Management LLC acquired a new position in shares of Liberty Latin America during the third quarter worth $187,000. Institutional investors and hedge funds own 52.98% of the company's stock.
Liberty Latin America Stock Down 1.9 %
LILAK traded down $0.13 during midday trading on Friday, hitting $6.70. The company had a trading volume of 2,245,752 shares, compared to its average volume of 914,343. Liberty Latin America Ltd. has a 52 week low of $5.88 and a 52 week high of $10.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -2.01 and a beta of 1.01. The stock's 50 day moving average price is $6.73 and its 200 day moving average price is $7.65.
Liberty Latin America (NASDAQ:LILAK - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.15 by ($1.05). The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion. Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group cut their price target on shares of Liberty Latin America from $10.50 to $7.50 and set a "neutral" rating on the stock in a report on Wednesday, December 4th.
View Our Latest Research Report on Liberty Latin America
Insider Transactions at Liberty Latin America
In other news, Director Brendan J. Paddick purchased 18,011 shares of the business's stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $6.12 per share, for a total transaction of $110,227.32. Following the completion of the acquisition, the director now owns 1,437,518 shares in the company, valued at $8,797,610.16. This trade represents a 1.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.66% of the stock is currently owned by insiders.
Liberty Latin America Profile
(
Free Report)
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.
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