Bank of New York Mellon Corp Takes $3.14 Million Position in Liberty Latin America Ltd. $LILA

Bank of New York Mellon Corp purchased a new position in shares of Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 403,045 shares of the company's stock, valued at approximately $3,140,000. Bank of New York Mellon Corp owned 0.20% of Liberty Latin America as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new position in Liberty Latin America during the first quarter worth approximately $104,000. Empowered Funds LLC increased its position in shares of Liberty Latin America by 7.3% in the first quarter. Empowered Funds LLC now owns 214,637 shares of the company's stock worth $1,359,000 after acquiring an additional 14,547 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of Liberty Latin America by 230.6% during the first quarter. Jane Street Group LLC now owns 49,660 shares of the company's stock worth $314,000 after purchasing an additional 34,640 shares in the last quarter. Strs Ohio purchased a new stake in shares of Liberty Latin America in the first quarter worth about $34,000. Finally, Geode Capital Management LLC boosted its holdings in Liberty Latin America by 12.2% in the 2nd quarter. Geode Capital Management LLC now owns 662,784 shares of the company's stock worth $4,042,000 after acquiring an additional 71,873 shares during the period. 18.48% of the stock is owned by institutional investors and hedge funds.

Liberty Latin America Price Performance

Shares of NASDAQ LILA opened at $8.52 on Monday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of -17.39 and a beta of 0.74. Liberty Latin America Ltd. has a twelve month low of $4.77 and a twelve month high of $9.04. The business has a 50 day simple moving average of $8.08 and a 200-day simple moving average of $7.90.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. As a group, equities research analysts expect that Liberty Latin America Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LILA shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Latin America in a report on Friday, July 17th. UBS Group raised shares of Liberty Latin America to a "hold" rating in a research report on Thursday. Finally, Morgan Stanley cut Liberty Latin America from an "equal weight" rating to an "underweight" rating and set a $7.00 price target on the stock. in a research note on Thursday, August 20th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and an average target price of $10.00.

Insider Transactions at Liberty Latin America

In related news, Director Charles H. R. Bracken sold 42,975 shares of the company's stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $8.57, for a total transaction of $368,295.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Malone bought 69,454 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was bought at an average cost of $8.50 per share, for a total transaction of $590,359.00. Following the completion of the transaction, the director directly owned 306,571 shares of the company's stock, valued at $2,605,853.50. This trade represents a 29.29% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 3,283,155 shares of company stock worth $28,785,777. 6.25% of the stock is currently owned by company insiders.

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.

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