Bank of America Corp DE Acquires 51,664 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Bank of America Corp DE boosted its position in Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) by 38.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 186,493 shares of the company's stock after purchasing an additional 51,664 shares during the quarter. Bank of America Corp DE owned approximately 0.09% of Liberty Latin America worth $1,186,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Liberty Latin America in the 4th quarter worth approximately $37,000. EntryPoint Capital LLC purchased a new position in Liberty Latin America during the fourth quarter valued at $69,000. Marshall Wace LLP bought a new stake in Liberty Latin America in the fourth quarter worth $77,000. Price T Rowe Associates Inc. MD boosted its holdings in 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 worth $80,000 after acquiring an additional 1,422 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Liberty Latin America by 15.9% in the fourth quarter. SG Americas Securities LLC now owns 14,560 shares of the company's stock worth $93,000 after acquiring an additional 2,002 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 purchased 22,779 shares of the company's stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $4.39 per share, for a total transaction of $99,999.81. Following the purchase, the chief executive officer now directly owns 1,651,001 shares in the company, valued at approximately $7,247,894.39. This represents a 1.40% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Christopher J. Noyes acquired 8,000 shares of Liberty Latin America stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average price of $4.53 per share, with a total value of $36,240.00. Following the transaction, the chief financial officer now owns 231,621 shares of the company's stock, valued at $1,049,243.13. The trade was a 3.58% increase in their position. The disclosure for this purchase can be found here. Company insiders own 11.96% of the company's stock.

Liberty Latin America Stock Up 2.5%

LILA traded up $0.13 during trading on Tuesday, hitting $5.26. 234,978 shares of the company's stock traded hands, compared to its average volume of 386,934. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -1.57 and a beta of 0.91. The company's 50 day simple moving average is $5.19 and its two-hundred day simple moving average is $6.18. Liberty Latin America Ltd. has a 12-month low of $4.25 and a 12-month high of $10.82. The company has a current ratio of 1.04, a quick ratio of 1.06 and a debt-to-equity ratio of 4.68.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.62). The business had revenue of $1.08 billion during 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%. Analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LILA. Barclays lowered Liberty Latin America from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $8.00 to $6.50 in a research report on Tuesday, February 25th. Benchmark raised shares of Liberty Latin America to a "strong-buy" rating in a report on Monday, June 2nd.

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.