Balyasny Asset Management L.P. Purchases 62,601 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Balyasny Asset Management L.P. lifted its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 377.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 79,203 shares of the company's stock after buying an additional 62,601 shares during the period. Balyasny Asset Management L.P.'s holdings in Liberty Latin America were worth $502,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Barclays PLC lifted its position in shares of Liberty Latin America by 55.8% during the 3rd quarter. Barclays PLC now owns 200,249 shares of the company's stock worth $1,900,000 after buying an additional 71,734 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Liberty Latin America by 10.2% during the third quarter. Franklin Resources Inc. now owns 91,461 shares of the company's stock valued at $868,000 after acquiring an additional 8,454 shares during the last quarter. UMB Bank n.a. lifted its holdings in Liberty Latin America by 970.4% during the fourth quarter. UMB Bank n.a. now owns 282,937 shares of the company's stock worth $1,794,000 after acquiring an additional 256,504 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new position in Liberty Latin America in the fourth quarter worth $94,000. Finally, KBC Group NV grew its stake in Liberty Latin America by 62.5% in the 4th quarter. KBC Group NV now owns 11,879 shares of the company's stock valued at $75,000 after purchasing an additional 4,571 shares during the period. Institutional investors own 52.98% of the company's stock.

Liberty Latin America Stock Performance

Liberty Latin America stock traded down $0.28 during trading on Monday, hitting $5.15. The stock had a trading volume of 981,859 shares, compared to its average volume of 966,043. The stock's 50 day moving average is $5.72 and its two-hundred day moving average is $6.46. Liberty Latin America Ltd. has a 1 year low of $4.23 and a 1 year high of $10.93. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -1.54 and a beta of 0.92. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.55). 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 $1.08 billion for the quarter, compared to analysts' expectations of $1.10 billion.

Insider Transactions at Liberty Latin America

In related news, CFO Christopher J. Noyes purchased 8,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $4.53 per share, for a total transaction of $36,240.00. Following the completion of the transaction, the chief financial officer now directly owns 231,621 shares in the company, valued at approximately $1,049,243.13. This represents a 3.58% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Balan Nair acquired 22,779 shares of the business's stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $4.39 per share, with a total value of $99,999.81. Following the completion of the transaction, the chief executive officer now directly owns 1,651,001 shares of the company's stock, valued at $7,247,894.39. This trade represents a 1.40% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 9.66% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Liberty Latin America from a "hold" rating to a "buy" rating in a report on Monday, May 12th.

Liberty Latin America Company Profile

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.