Virtu Financial LLC Has $4.03 Million Stock Position in Liberty Latin America Ltd. $LILA

Virtu Financial LLC reduced its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 61.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 545,753 shares of the company’s stock after selling 866,077 shares during the quarter. Virtu Financial LLC’s holdings in Liberty Latin America were worth $4,033,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Strs Ohio bought a new position in Liberty Latin America in the first quarter valued at about $34,000. Russell Investments Group Ltd. raised its stake in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after acquiring an additional 2,070 shares in the last quarter. Danske Bank A S bought a new position in shares of Liberty Latin America in the third quarter worth about $56,000. Quantbot Technologies LP lifted its holdings 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 worth $59,000 after acquiring an additional 6,289 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Latin America by 96.2% in the third 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 last quarter. 18.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Liberty Latin America

In other Liberty Latin America news, CEO Balan Nair acquired 20,000 shares of Liberty Latin America stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average price of $8.07 per share, with a total value of $161,400.00. Following the completion of the purchase, the chief executive officer directly owned 3,125,039 shares in the company, valued at $25,219,064.73. This trade represents a 0.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John C. Malone acquired 12,406,463 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was bought at an average price of $8.63 per share, with a total value of $107,067,775.69. Following the completion of the acquisition, the director directly owned 21,173,018 shares of the company’s stock, valued at $182,723,145.34. This trade represents a 141.52% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 6.25% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $13.00.

Liberty Latin America Stock Down 9.4%

Shares of NASDAQ LILA opened at $4.80 on Friday. The company has a 50 day simple moving average of $7.85 and a 200 day simple moving average of $7.87. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.11. Liberty Latin America Ltd. has a 1 year low of $4.78 and a 1 year high of $9.04. The firm has a market cap of $966.72 million, a PE ratio of -1.94 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. On average, research analysts forecast 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.