Odyssean LLC Increases Stake in Liberty Latin America Ltd. $LILA

Odyssean LLC increased its stake in Liberty Latin America Ltd. (NASDAQ:LILA) by 129.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,141 shares of the company’s stock after purchasing an additional 59,822 shares during the period. Odyssean LLC owned 0.05% of Liberty Latin America worth $832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. raised its holdings in shares of Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after buying an additional 2,070 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Liberty Latin America by 1.6% during 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 during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Liberty Latin America by 31.4% during 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 during the last quarter. Intech Investment Management LLC increased its position in shares of Liberty Latin America by 29.1% in the 4th quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock valued at $116,000 after acquiring an additional 3,524 shares during the period. Finally, Ancora Advisors LLC acquired a new position in shares of Liberty Latin America in the 2nd quarter valued at $382,000. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. Morgan Stanley lowered Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective on the stock. in a report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $10.00.

Insider Transactions at Liberty Latin America

In other news, SVP John M. Winter bought 5,071 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of $19.67 per share, for a total transaction of $99,746.57. Following the purchase, the senior vice president directly owned 64,547 shares in the company, valued at approximately $1,269,639.49. This trade represents a 8.53% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Malone purchased 6,761 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were purchased at an average cost of $8.50 per share, for a total transaction of $57,468.50. Following the completion of the acquisition, the director directly owned 185,285 shares of the company’s stock, valued at $1,574,922.50. This represents a 3.79% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought 2,685,679 shares of company stock valued at $17,777,706 in the last 90 days. 6.25% of the stock is currently owned by company insiders.

Liberty Latin America Price Performance

NASDAQ:LILA opened at $8.66 on Thursday. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $9.04. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -17.67 and a beta of 0.74. The firm’s fifty day moving average is $7.70 and its two-hundred day moving average is $7.87.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. Research analysts expect that Liberty Latin America Ltd. will post -0.47 EPS for the current year.

About Liberty Latin America

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.