DAVENPORT & Co LLC lifted its holdings in Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,067,979 shares of the company's stock after purchasing an additional 266,301 shares during the quarter. DAVENPORT & Co LLC owned 1.56% of Liberty Latin America worth $19,451,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. nVerses Capital LLC bought a new position in Liberty Latin America in the third quarter valued at about $55,000. KBC Group NV boosted its holdings in shares of Liberty Latin America by 62.5% in the fourth quarter. KBC Group NV now owns 11,879 shares of the company's stock worth $75,000 after buying an additional 4,571 shares during the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in Liberty Latin America during the fourth quarter valued at approximately $94,000. Quantinno Capital Management LP purchased a new stake in Liberty Latin America during the third quarter valued at approximately $125,000. Finally, Algert Global LLC bought a new position in Liberty Latin America in the second quarter worth approximately $126,000. 52.98% of the stock is owned by institutional investors.
Liberty Latin America Stock Performance
Shares of Liberty Latin America stock traded up $0.06 on Thursday, reaching $6.54. 846,973 shares of the stock were exchanged, compared to its average volume of 700,141. Liberty Latin America Ltd. has a twelve month low of $5.88 and a twelve month high of $10.93. The business has a 50 day moving average price of $6.56 and a two-hundred day moving average price of $8.28. 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 firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -2.23 and a beta of 1.03.
Liberty Latin America (NASDAQ:LILAK - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($2.22) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 13.02% and a negative return on equity of 27.22%. The company had revenue of $1.09 billion during the quarter.
Wall Street Analyst Weigh In
A number of research firms have weighed in on LILAK. The Goldman Sachs Group dropped their price target on shares of Liberty Latin America from $10.50 to $7.50 and set a "neutral" rating for the company in a research report on Wednesday, December 4th. Scotiabank dropped their target price on shares of Liberty Latin America from $9.40 to $8.30 and set a "sector outperform" rating for the company in a report on Friday, November 8th.
View Our Latest Report on LILAK
Insiders Place Their Bets
In related news, Director Brendan J. Paddick bought 35,475 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average price of $7.04 per share, for a total transaction of $249,744.00. Following the acquisition, the director now owns 1,273,443 shares of the company's stock, valued at approximately $8,965,038.72. This trade represents a 2.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In the last three months, insiders bought 156,298 shares of company stock worth $1,043,886. Corporate insiders own 9.66% of the company's stock.
Liberty Latin America Profile
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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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