Oaktree Capital Management LP Takes $7.02 Million Position in Liberty Latin America Ltd. $LILA

Oaktree Capital Management LP bought a new stake in Liberty Latin America Ltd. (NASDAQ:LILA) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 846,474 shares of the company’s stock, valued at approximately $7,017,000. Oaktree Capital Management LP owned approximately 0.42% of Liberty Latin America at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strs Ohio bought a new position in shares of Liberty Latin America in the 1st quarter valued at about $34,000. Russell Investments Group Ltd. raised its stake in Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after buying an additional 2,070 shares during the period. CWM LLC raised its stake in Liberty Latin America by 80.7% in the third quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after buying an additional 2,897 shares during the period. Quantbot Technologies LP lifted its position in shares of Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after buying an additional 6,289 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Liberty Latin America by 96.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock worth $69,000 after acquiring an additional 4,089 shares during the period. 18.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Thursday, January 22nd. One investment 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.com, the stock has a consensus rating of “Hold” and an average target price of $13.00.

Insider Activity at Liberty Latin America

In other news, CAO Brian D. Zook sold 94,494 shares of Liberty Latin America stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.04, for a total value of $759,731.76. Following the completion of the sale, the chief accounting officer directly owned 6,813 shares in the company, valued at approximately $54,776.52. The trade was a 93.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.96% of the company’s stock.

Liberty Latin America Stock Performance

Shares of NASDAQ LILA traded up $0.09 during trading hours on Friday, reaching $7.65. 20,073 shares of the stock were exchanged, compared to its average volume of 366,169. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -2.49 and a beta of 1.00. The stock’s fifty day simple moving average is $7.65 and its 200 day simple moving average is $7.93. The company has a debt-to-equity ratio of 7.40, a quick ratio of 1.14 and a current ratio of 1.14. Liberty Latin America Ltd. has a 52 week low of $4.25 and a 52 week high of $9.04.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings data on Wednesday, February 18th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.23). The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. Liberty Latin America had a negative net margin of 13.76% and a negative return on equity of 50.24%. Sell-side analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current 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.