141,721 Shares in Liberty Latin America Ltd. $LILA Purchased by Cook & Bynum Capital Management LLC

Cook & Bynum Capital Management LLC bought a new position in shares of Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 141,721 shares of the company's stock, valued at approximately $1,111,093. Liberty Latin America comprises approximately 0.0% of Cook & Bynum Capital Management LLC's investment portfolio, making the stock its 6th biggest position. Cook & Bynum Capital Management LLC owned approximately 0.07% 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 stock. AQR Capital Management LLC purchased a new stake in shares of Liberty Latin America in the first quarter valued at about $104,000. Empowered Funds LLC grew its position in shares of Liberty Latin America by 7.3% during the first quarter. Empowered Funds LLC now owns 214,637 shares of the company's stock worth $1,359,000 after purchasing an additional 14,547 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Liberty Latin America by 230.6% in the 1st quarter. Jane Street Group LLC now owns 49,660 shares of the company's stock worth $314,000 after acquiring an additional 34,640 shares during the last quarter. Strs Ohio bought a new position in shares of Liberty Latin America in the 1st quarter worth $34,000. Finally, Geode Capital Management LLC lifted its stake in Liberty Latin America by 12.2% during the 2nd quarter. Geode Capital Management LLC now owns 662,784 shares of the company's stock valued at $4,042,000 after acquiring an additional 71,873 shares during the period. Institutional investors and hedge funds own 18.48% of the company's stock.

Insider Buying and Selling at Liberty Latin America

In other Liberty Latin America news, SVP John M. Winter bought 5,071 shares of the company's stock in a transaction on Friday, June 26th. The stock was purchased at an average cost of $19.67 per share, for a total transaction of $99,746.57. Following the acquisition, the senior vice president owned 64,547 shares of the company's stock, valued at $1,269,639.49. The trade was a 8.53% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles H. R. Bracken bought 17,425 shares of the business's stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $20.93 per share, for a total transaction of $364,705.25. Following the completion of the transaction, the director owned 41,192 shares in the company, valued at $862,148.56. This represents a 73.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 2,685,679 shares of company stock valued at $17,777,706 in the last ninety days. Insiders own 6.25% of the company's stock.

Analyst Ratings Changes

LILA has been the subject of several recent analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Latin America in a research report on Friday, July 17th. Morgan Stanley lowered Liberty Latin America from an "equal weight" rating to an "underweight" rating and set a $7.00 target price on the stock. in a report on Thursday, August 20th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus price target of $10.00.

Liberty Latin America Price Performance

Shares of LILA traded up $0.21 during midday trading on Friday, reaching $8.54. The stock had a trading volume of 231,030 shares, compared to its average volume of 493,887. The company's 50-day moving average is $7.77 and its 200 day moving average is $7.87. Liberty Latin America Ltd. has a 12-month low of $4.77 and a 12-month high of $9.04. 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 -17.43 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. On average, equities analysts predict that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Liberty Latin America Company Profile

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.