Hsbc Holdings PLC lifted its stake in Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) by 30.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 520,902 shares of the company's stock after purchasing an additional 120,548 shares during the quarter. Hsbc Holdings PLC owned 0.26% of Liberty Latin America worth $3,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also made changes to their positions in LILA. Nuveen LLC bought a new stake in shares of Liberty Latin America in the 1st quarter valued at approximately $655,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Liberty Latin America by 36.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,148 shares of the company's stock valued at $90,000 after buying an additional 3,755 shares in the last quarter. Swiss National Bank grew its stake in shares of Liberty Latin America by 16.7% in the 1st quarter. Swiss National Bank now owns 55,269 shares of the company's stock valued at $350,000 after buying an additional 7,900 shares in the last quarter. Fourth Sail Capital LP bought a new stake in shares of Liberty Latin America in the 1st quarter valued at approximately $8,977,000. Finally, XTX Topco Ltd bought a new stake in shares of Liberty Latin America in the 1st quarter valued at approximately $246,000. 18.48% of the stock is owned by hedge funds and other institutional investors.
Liberty Latin America Stock Performance
Shares of LILA stock traded down $0.01 during trading on Monday, reaching $8.06. The company had a trading volume of 401,840 shares, compared to its average volume of 529,704. The firm's 50 day simple moving average is $6.97 and its two-hundred day simple moving average is $6.20. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.08 and a quick ratio of 1.08. Liberty Latin America Ltd. has a one year low of $4.25 and a one year high of $10.79. The company has a market capitalization of $1.61 billion, a PE ratio of -1.36 and a beta of 1.03.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued 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 26.61% and a negative return on equity of 77.72%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. Sell-side analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, Benchmark raised Liberty Latin America to a "strong-buy" rating in a research note on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Liberty Latin America currently has a consensus rating of "Hold" and a consensus target price of $6.50.
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Liberty Latin America Profile
(
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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