BNP Paribas Financial Markets lifted its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 241.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 96,087 shares of the company's stock after acquiring an additional 67,943 shares during the period. BNP Paribas Financial Markets' holdings in Liberty Latin America were worth $609,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in LILAK. Invesco Ltd. boosted its stake in Liberty Latin America by 0.7% in the fourth quarter. Invesco Ltd. now owns 639,448 shares of the company's stock valued at $4,054,000 after acquiring an additional 4,233 shares in the last quarter. KBC Group NV lifted its holdings in shares of Liberty Latin America by 62.5% in 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 during the last quarter. Principal Financial Group Inc. boosted its position in shares of Liberty Latin America by 8.0% in the 4th quarter. Principal Financial Group Inc. now owns 68,880 shares of the company's stock valued at $437,000 after purchasing an additional 5,109 shares during the period. New Age Alpha Advisors LLC purchased a new position in Liberty Latin America during the 4th quarter worth approximately $41,000. Finally, Bleakley Financial Group LLC purchased a new position in Liberty Latin America during the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 52.98% of the company's stock.
Liberty Latin America Stock Performance
NASDAQ LILAK traded up $0.04 during trading on Thursday, reaching $5.06. The company's stock had a trading volume of 460,321 shares, compared to its average volume of 964,228. The business's fifty day moving average price is $5.43 and its 200-day moving average price is $6.26. Liberty Latin America Ltd. has a twelve month low of $4.23 and a twelve month high of $10.93. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -1.51 and a beta of 0.92.
Liberty Latin America (NASDAQ:LILAK - Get Free Report) last released 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 ($0.14) by ($0.55). The company had revenue of $1.08 billion for 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%.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut Liberty Latin America from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th.
Get Our Latest Stock Report on Liberty Latin America
Insider Buying and Selling 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 acquired at an average cost of $4.39 per share, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Christopher J. Noyes acquired 8,000 shares of Liberty Latin America stock in a transaction that occurred on Monday, May 12th. The stock was 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. This trade represents a 3.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 9.66% of the company's stock.
About Liberty Latin America
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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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