Mackenzie Financial Corp lowered its holdings in Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) by 40.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,862 shares of the company's stock after selling 80,653 shares during the period. Mackenzie Financial Corp owned about 0.06% of Liberty Latin America worth $769,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new position in Liberty Latin America in the fourth quarter worth about $37,000. EntryPoint Capital LLC bought a new stake in shares of Liberty Latin America during the fourth quarter valued at approximately $69,000. Marshall Wace LLP bought a new stake in shares of Liberty Latin America during the fourth quarter valued at approximately $77,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Liberty Latin America by 12.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company's stock valued at $80,000 after buying an additional 1,422 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Liberty Latin America by 15.9% during the fourth quarter. SG Americas Securities LLC now owns 14,560 shares of the company's stock valued at $93,000 after buying an additional 2,002 shares during the last quarter. Institutional investors own 18.48% of the company's stock.
Liberty Latin America Price Performance
NASDAQ:LILA traded down $0.05 during midday trading on Thursday, hitting $5.06. 60,120 shares of the stock were exchanged, compared to its average volume of 384,982. Liberty Latin America Ltd. has a one year low of $4.25 and a one year high of $10.82. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -1.51 and a beta of 0.94. The business has a 50-day moving average price of $5.28 and a two-hundred day moving average price of $6.23. The company has a current ratio of 1.04, a quick ratio of 1.06 and a debt-to-equity ratio of 4.68.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.62). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. Sell-side analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current year.
Insiders Place Their Bets
In other news, CEO Balan Nair acquired 22,779 shares of the stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $4.39 per share, for a total transaction 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 trade represents a 1.40% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Christopher J. Noyes acquired 8,000 shares of the stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $4.53 per share, for a total transaction of $36,240.00. Following the completion of the transaction, the chief financial officer now owns 231,621 shares in the company, valued at approximately $1,049,243.13. This represents a 3.58% increase in their position. The disclosure for this purchase can be found here. 11.96% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research firms have recently weighed in on LILA. Benchmark raised Liberty Latin America to a "strong-buy" rating in a report on Monday. Barclays cut Liberty Latin America from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $8.00 to $6.50 in a report on Tuesday, February 25th.
View Our Latest Research Report on Liberty Latin America
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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