BNP Paribas Financial Markets Purchases 67,943 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

BNP Paribas Financial Markets boosted its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 241.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and 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.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of Liberty Latin America by 0.7% during the 4th quarter. Invesco Ltd. now owns 639,448 shares of the company's stock valued at $4,054,000 after purchasing an additional 4,233 shares during the period. KBC Group NV grew its position in shares of Liberty Latin America by 62.5% during the 4th quarter. KBC Group NV now owns 11,879 shares of the company's stock valued at $75,000 after purchasing an additional 4,571 shares in the last quarter. Principal Financial Group Inc. increased its stake in Liberty Latin America by 8.0% in the 4th quarter. Principal Financial Group Inc. now owns 68,880 shares of the company's stock worth $437,000 after acquiring an additional 5,109 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Liberty Latin America during the fourth quarter valued at approximately $41,000. Finally, Bleakley Financial Group LLC bought a new position in shares of Liberty Latin America in the 4th quarter worth $65,000. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Trading Down 1.7%

LILAK stock traded down $0.09 during trading on Thursday, reaching $4.94. The company had a trading volume of 46,233 shares, compared to its average volume of 960,979. The company has a market cap of $986.51 million, a P/E ratio of -1.48 and a beta of 0.92. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50 day moving average of $5.46 and a 200 day moving average of $6.27. Liberty Latin America Ltd. has a 52 week low of $4.23 and a 52 week high of $10.93.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.55). The company had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.10 billion. Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Liberty Latin America from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th.

Insider Transactions at Liberty Latin America

In other news, CFO Christopher J. Noyes purchased 8,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average cost of $4.53 per share, for a total transaction of $36,240.00. Following the acquisition, the chief financial officer now owns 231,621 shares of the company's stock, valued at approximately $1,049,243.13. This trade represents a 3.58% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Balan Nair purchased 22,779 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were 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 directly owns 1,651,001 shares in the company, valued at $7,247,894.39. The trade was 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

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.