Voloridge Investment Management LLC grew its holdings in Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 78.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 230,554 shares of the company's stock after acquiring an additional 101,601 shares during the period. Voloridge Investment Management LLC owned about 0.12% of Liberty Latin America worth $1,462,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Hsbc Holdings PLC raised its holdings in shares of Liberty Latin America by 4,054.1% during the 4th quarter. Hsbc Holdings PLC now owns 809,417 shares of the company's stock valued at $5,087,000 after buying an additional 789,932 shares during the period. Wittenberg Investment Management Inc. grew its position in Liberty Latin America by 66.8% in the fourth quarter. Wittenberg Investment Management Inc. now owns 293,775 shares of the company's stock valued at $1,863,000 after acquiring an additional 117,683 shares in the last quarter. Barclays PLC raised its stake in shares of Liberty Latin America by 55.8% during the third quarter. Barclays PLC now owns 200,249 shares of the company's stock valued at $1,900,000 after purchasing an additional 71,734 shares during the period. Schonfeld Strategic Advisors LLC acquired a new position in shares of Liberty Latin America during the fourth quarter worth $572,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Liberty Latin America by 28.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,929,978 shares of the company's stock worth $24,916,000 after purchasing an additional 869,420 shares in the last quarter. Hedge funds and other institutional investors own 52.98% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered shares of Liberty Latin America from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.
Get Our Latest Stock Report on LILAK
Insider Transactions at Liberty Latin America
In other news, CFO Christopher J. Noyes acquired 8,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $4.53 per share, with a total value of $36,240.00. Following the completion of the acquisition, the chief financial officer now directly owns 231,621 shares in the company, valued at $1,049,243.13. This represents a 3.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Balan Nair bought 22,779 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $4.39 per share, with a total value of $99,999.81. Following the transaction, the chief executive officer now owns 1,651,001 shares in the company, valued at approximately $7,247,894.39. This represents a 1.40% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 9.66% of the company's stock.
Liberty Latin America Stock Up 0.4%
Shares of NASDAQ:LILAK traded up $0.02 during trading on Monday, hitting $5.02. The company's stock had a trading volume of 713,328 shares, compared to its average volume of 961,359. The company has a market capitalization of $1.00 billion, a PE ratio of -1.50 and a beta of 0.92. Liberty Latin America Ltd. has a fifty-two week low of $4.23 and a fifty-two week 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 stock's 50-day moving average price is $5.37 and its two-hundred day moving average price is $6.23.
Liberty Latin America (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.55). The business 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%.
Liberty Latin America Company 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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