Nuveen LLC bought a new position in Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 103,484 shares of the company's stock, valued at approximately $655,000. Nuveen LLC owned about 0.05% of Liberty Latin America at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Liberty Latin America by 36.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,148 shares of the company's stock worth $90,000 after purchasing an additional 3,755 shares during the last quarter. Swiss National Bank grew its stake in shares of Liberty Latin America by 16.7% in the first quarter. Swiss National Bank now owns 55,269 shares of the company's stock worth $350,000 after purchasing an additional 7,900 shares during the last quarter. Fourth Sail Capital LP bought a new stake in shares of Liberty Latin America in the first quarter worth about $8,977,000. XTX Topco Ltd bought a new stake in shares of Liberty Latin America in the first quarter worth about $246,000. Finally, UMB Bank n.a. grew its stake in shares of Liberty Latin America by 37.5% in the first quarter. UMB Bank n.a. now owns 232,901 shares of the company's stock worth $1,474,000 after purchasing an additional 63,486 shares during the last quarter. 18.48% of the stock is owned by institutional investors.
Liberty Latin America Stock Down 0.9%
Shares of LILA stock traded down $0.07 during midday trading on Tuesday, reaching $7.76. 80,500 shares of the stock were exchanged, compared to its average volume of 458,341. Liberty Latin America Ltd. has a 1 year low of $4.25 and a 1 year high of $10.79. The company's 50 day moving average is $7.17 and its two-hundred day moving average is $6.23. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 6.78. The firm has a market cap of $1.55 billion, a PE ratio of -1.31 and a beta of 1.03.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($2.12) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($2.13). Liberty Latin America had a negative return on equity of 77.72% and a negative net margin of 26.61%.The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. On average, equities research analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current year.
Wall Street Analysts Forecast Growth
Separately, Benchmark upgraded Liberty Latin America to a "strong-buy" rating in a report on Monday, June 2nd. One analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Liberty Latin America presently has an average rating of "Moderate Buy" and an average price target of $6.50.
Get Our Latest Research Report on LILA
Liberty Latin America Profile
(
Free Report)
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.
Further Reading
Before you consider Liberty Latin America, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Latin America wasn't on the list.
While Liberty Latin America currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
