D. E. Shaw & Co. Inc. lifted its position in Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 1,341.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 198,882 shares of the company's stock after acquiring an additional 185,082 shares during the period. D. E. Shaw & Co. Inc. owned about 0.10% of Liberty Latin America worth $1,261,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the company. Long Focus Capital Management LLC boosted its position in Liberty Latin America by 79.0% during the 4th quarter. Long Focus Capital Management LLC now owns 3,034,616 shares of the company's stock worth $19,239,000 after acquiring an additional 1,339,216 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings 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 during the period. Hsbc Holdings PLC boosted its holdings in shares of Liberty Latin America by 4,054.1% during the fourth quarter. Hsbc Holdings PLC now owns 809,417 shares of the company's stock worth $5,087,000 after purchasing an additional 789,932 shares during the period. Deutsche Bank AG grew its position in Liberty Latin America by 41.3% during the fourth quarter. Deutsche Bank AG now owns 1,881,436 shares of the company's stock valued at $11,928,000 after purchasing an additional 549,884 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Liberty Latin America in the 4th quarter valued at approximately $3,177,000. Institutional investors and hedge funds own 52.98% of the company's stock.
Liberty Latin America Stock Performance
Shares of LILAK traded down $0.15 during mid-day trading on Wednesday, hitting $5.01. The company's stock had a trading volume of 44,970 shares, compared to its average volume of 962,303. The stock's 50-day moving average is $5.49 and its two-hundred day moving average is $6.28. The firm has a market capitalization of $1.00 billion, a PE ratio of -1.50 and a beta of 0.92. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. Liberty Latin America Ltd. has a one year low of $4.23 and a one year high of $10.93.
Liberty Latin America (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.55). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%.
Analysts Set New Price Targets
Separately, Wall Street Zen lowered Liberty Latin America from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th.
View Our Latest Stock Analysis on LILAK
Insiders Place Their Bets
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, for a total transaction of $36,240.00. Following the completion of the transaction, the chief financial officer now directly owns 231,621 shares in the company, valued at $1,049,243.13. This trade represents a 3.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Balan Nair purchased 22,779 shares of Liberty Latin America stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $4.39 per share, for a total transaction of $99,999.81. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 9.66% of the company's stock.
About Liberty Latin America
(
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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