Liberty Latin America Ltd. (NASDAQ:LILA) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE grew its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) by 38.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 186,493 shares of the company's stock after buying an additional 51,664 shares during the period. Bank of America Corp DE owned approximately 0.09% of Liberty Latin America worth $1,186,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in shares of Liberty Latin America by 12.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company's stock valued at $80,000 after buying an additional 1,422 shares during the period. SG Americas Securities LLC increased its holdings in shares of Liberty Latin America by 15.9% in the 4th quarter. SG Americas Securities LLC now owns 14,560 shares of the company's stock worth $93,000 after buying an additional 2,002 shares during the last quarter. Barclays PLC increased its stake in Liberty Latin America by 4.3% in the fourth quarter. Barclays PLC now owns 73,416 shares of the company's stock valued at $467,000 after acquiring an additional 2,997 shares during the last quarter. American Century Companies Inc. grew its position in Liberty Latin America by 7.5% during the fourth quarter. American Century Companies Inc. now owns 62,157 shares of the company's stock valued at $395,000 after acquiring an additional 4,339 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Liberty Latin America by 1.3% during the 4th quarter. Renaissance Technologies LLC now owns 418,700 shares of the company's stock worth $2,663,000 after acquiring an additional 5,500 shares during the last quarter. Institutional investors own 18.48% of the company's stock.

Insider Transactions at Liberty Latin America

In other news, CEO Balan Nair acquired 22,779 shares of the company's stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $4.39 per share, with a total value of $99,999.81. Following the completion of the purchase, the chief executive officer now owns 1,651,001 shares of the company's stock, valued at $7,247,894.39. This represents a 1.40% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Christopher J. Noyes acquired 8,000 shares of the stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $4.53 per share, with a total value of $36,240.00. Following the completion of the transaction, the chief financial officer now owns 231,621 shares of the company's stock, valued at approximately $1,049,243.13. This represents a 3.58% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 11.96% of the company's stock.

Wall Street Analyst Weigh In

LILA has been the topic of several recent analyst reports. Barclays cut shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $8.00 to $6.50 in a report on Tuesday, February 25th. Benchmark raised Liberty Latin America to a "strong-buy" rating in a report on Monday, June 2nd.

Liberty Latin America Price Performance

Shares of LILA stock traded down $0.02 during trading hours on Friday, hitting $5.02. The stock had a trading volume of 260,057 shares, compared to its average volume of 386,356. The stock's 50-day moving average price is $5.23 and its two-hundred day moving average price is $6.21. Liberty Latin America Ltd. has a one year low of $4.25 and a one year high of $10.82. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.04 and a quick ratio of 1.06. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of -1.50 and a beta of 0.91.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.62). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. Equities analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Liberty Latin America 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.