BNP Paribas Financial Markets lifted its position in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 241.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,087 shares of the company's stock after buying an additional 67,943 shares during the period. BNP Paribas Financial Markets' holdings in Liberty Latin America were worth $609,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Invesco Ltd. boosted its position in Liberty Latin America by 0.7% during the 4th quarter. Invesco Ltd. now owns 639,448 shares of the company's stock worth $4,054,000 after purchasing an additional 4,233 shares during the period. KBC Group NV lifted its stake in shares of Liberty Latin America by 62.5% during the fourth quarter. KBC Group NV now owns 11,879 shares of the company's stock worth $75,000 after purchasing an additional 4,571 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Liberty Latin America by 8.0% in the fourth quarter. Principal Financial Group Inc. now owns 68,880 shares of the company's stock worth $437,000 after buying an additional 5,109 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Liberty Latin America in the fourth quarter valued at about $41,000. Finally, Bleakley Financial Group LLC purchased a new stake in shares of Liberty Latin America during the 4th quarter valued at about $65,000. 52.98% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Liberty Latin America from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th.
Read Our Latest Analysis on LILAK
Liberty Latin America Stock Up 0.6%
Shares of Liberty Latin America stock traded up $0.03 during trading hours on Tuesday, hitting $5.15. 604,663 shares of the company's stock traded hands, compared to its average volume of 965,937. Liberty Latin America Ltd. has a twelve month low of $4.23 and a twelve month high of $10.93. The company has a market cap of $1.03 billion, a PE 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. The stock has a 50 day simple moving average of $5.52 and a 200-day simple moving average of $6.29.
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 business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.10 billion.
Insider Activity
In other news, CFO Christopher J. Noyes purchased 8,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost 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 in the company, valued at approximately $1,049,243.13. The trade was a 3.58% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Balan Nair purchased 22,779 shares of the firm'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 acquisition, the chief executive officer now directly owns 1,651,001 shares in the company, valued at approximately $7,247,894.39. This trade represents a 1.40% increase in their position. The disclosure for this purchase can be found here. Company insiders own 9.66% of the company's stock.
Liberty Latin America Company Profile
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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.
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