60,315 Shares in Liberty Latin America Ltd. $LILA Bought by S&CO Inc.

S&CO Inc. purchased a new stake in Liberty Latin America Ltd. (NASDAQ:LILA) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 60,315 shares of the company’s stock, valued at approximately $469,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in Liberty Latin America by 58.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after purchasing an additional 2,070 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Liberty Latin America by 1.6% in the third quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock valued at $1,218,000 after buying an additional 2,314 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Liberty Latin America by 31.4% in the first quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after buying an additional 2,693 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Liberty Latin America by 29.1% during the fourth quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock valued at $116,000 after buying an additional 3,524 shares during the last quarter. Finally, Strs Ohio acquired a new position in shares of Liberty Latin America during the first quarter valued at about $34,000. Institutional investors own 18.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. Morgan Stanley set a $7.00 price target on Liberty Latin America in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.00.

Insider Activity

In other news, Director John C. Malone purchased 12,406,463 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the completion of the acquisition, the director owned 21,173,018 shares in the company, valued at $182,723,145.34. This trade represents a 141.52% 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. Also, Director Brendan J. Paddick acquired 100,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was purchased at an average price of $4.88 per share, with a total value of $488,000.00. Following the purchase, the director owned 1,559,542 shares in the company, valued at approximately $7,610,564.96. The trade was a 6.85% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 15,085,381 shares of company stock valued at $124,788,013 in the last three months. 6.25% of the stock is owned by company insiders.

Liberty Latin America Stock Performance

NASDAQ LILA opened at $8.62 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08. The business has a fifty day simple moving average of $7.55 and a 200 day simple moving average of $7.83. Liberty Latin America Ltd. has a 12 month low of $4.77 and a 12 month high of $9.04. The firm has a market capitalization of $1.69 billion, a P/E ratio of -17.59 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%.The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. On average, analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Liberty Latin America Profile

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.