Fourth Sail Capital LP Buys New Stake in Liberty Latin America Ltd. (NASDAQ:LILA)

Key Points

• Fourth Sail Capital LP acquired a new stake in Liberty Latin America Ltd., purchasing 1,418,237 shares valued at approximately $8.98 million, making it the 19th largest position in their portfolio.
• Analysts at Benchmark upgraded Liberty Latin America to a "strong-buy" rating, indicating positive market sentiment towards the stock.
• In its recent financial results, Liberty Latin America reported a loss of ($0.69) earnings per share, significantly missing analysts' estimates, along with revenue of $1.08 billion.

Fourth Sail Capital LP purchased a new position in shares of Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,418,237 shares of the company's stock, valued at approximately $8,977,000. Liberty Latin America comprises 2.1% of Fourth Sail Capital LP's holdings, making the stock its 19th largest position. Fourth Sail Capital LP owned 0.72% of Liberty Latin America as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LILA. American Century Companies Inc. increased its position in shares of Liberty Latin America by 7.5% during the fourth quarter. American Century Companies Inc. now owns 62,157 shares of the company's stock worth $395,000 after purchasing an additional 4,339 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Liberty Latin America during the fourth quarter worth about $37,000. Geode Capital Management LLC increased its position in shares of Liberty Latin America by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 517,206 shares of the company's stock worth $3,290,000 after purchasing an additional 6,509 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Liberty Latin America by 1.3% during the fourth quarter. Renaissance Technologies LLC now owns 418,700 shares of the company's stock worth $2,663,000 after purchasing an additional 5,500 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Liberty Latin America by 4.3% during the fourth quarter. Barclays PLC now owns 73,416 shares of the company's stock worth $467,000 after purchasing an additional 2,997 shares in the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Liberty Latin America

In other news, CEO Balan Nair purchased 22,779 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $4.39 per share, with a total value of $99,999.81. Following the purchase, the chief executive officer directly owned 1,651,001 shares of the company's stock, valued at $7,247,894.39. The trade was a 1.40% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Christopher J. Noyes purchased 8,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $4.53 per share, for a total transaction of $36,240.00. Following the purchase, the chief financial officer directly owned 231,621 shares in the company, valued at approximately $1,049,243.13. This represents a 3.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.96% of the stock is owned by insiders.

Liberty Latin America Stock Performance

LILA stock traded down $0.04 during trading on Friday, hitting $7.79. The company had a trading volume of 951,827 shares, compared to its average volume of 453,984. Liberty Latin America Ltd. has a 1-year low of $4.25 and a 1-year high of $10.79. The firm has a 50-day moving average price of $6.10 and a 200-day moving average price of $6.08. The firm has a market cap of $1.56 billion, a PE ratio of -1.93 and a beta of 0.98. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 5.00.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported ($2.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($2.13). Liberty Latin America had a negative net margin of 17.85% and a negative return on equity of 44.60%. The business had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.10 billion. On average, analysts expect that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Benchmark upgraded Liberty Latin America to a "strong-buy" rating in a research report on Monday, June 2nd.

Liberty Latin America 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.