Timber Creek Capital Management LLC trimmed its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 80.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,752 shares of the company's stock after selling 251,368 shares during the period. Timber Creek Capital Management LLC's holdings in Liberty Latin America were worth $385,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. nVerses Capital LLC bought a new stake in shares of Liberty Latin America in the 3rd quarter worth about $55,000. Bleakley Financial Group LLC purchased a new position in shares of Liberty Latin America during the fourth quarter valued at approximately $65,000. Sargent Investment Group LLC bought a new position in shares of Liberty Latin America during the fourth quarter valued at approximately $69,000. KBC Group NV raised 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 period. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in shares of Liberty Latin America during the 4th quarter worth approximately $94,000. 52.98% of the stock is currently owned by institutional investors.
Liberty Latin America Stock Performance
Shares of LILAK traded up $0.11 during trading hours on Friday, reaching $6.89. 1,378,011 shares of the company traded hands, compared to its average volume of 837,356. 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 business has a fifty day moving average price of $6.60 and a 200-day moving average price of $8.06. Liberty Latin America Ltd. has a 12-month low of $5.88 and a 12-month high of $10.93. The stock has a market capitalization of $1.36 billion, a P/E ratio of -2.06 and a beta of 1.02.
Liberty Latin America (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($1.05). Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%. The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.14 billion.
Wall Street Analyst Weigh In
Several equities analysts have commented on LILAK shares. Scotiabank cut their price objective on Liberty Latin America from $9.40 to $8.30 and set a "sector outperform" rating on the stock in a research report on Friday, November 8th. 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 Analysis on LILAK
Insider Activity at Liberty Latin America
In related news, Director Brendan J. Paddick purchased 35,475 shares of the business's stock in a transaction on Tuesday, November 26th. The shares were bought at an average cost of $7.04 per share, with a total value of $249,744.00. Following the transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 156,298 shares of company stock worth $1,043,886 over the last quarter. Insiders own 9.66% of the company's stock.
About Liberty Latin America
(
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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