Northern Trust Corp Has $9.63 Million Position in Liberty Latin America Ltd. (NASDAQ:LILAK)

Northern Trust Corp grew its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 27.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,519,252 shares of the company's stock after acquiring an additional 324,018 shares during the period. Northern Trust Corp owned 0.77% of Liberty Latin America worth $9,632,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Invesco Ltd. grew its holdings in shares of Liberty Latin America by 0.7% during the 4th quarter. Invesco Ltd. now owns 639,448 shares of the company's stock valued at $4,054,000 after acquiring an additional 4,233 shares in the last quarter. KBC Group NV grew its holdings in shares of Liberty Latin America by 62.5% during the 4th quarter. KBC Group NV now owns 11,879 shares of the company's stock valued at $75,000 after acquiring an additional 4,571 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Liberty Latin America by 8.0% during the 4th quarter. Principal Financial Group Inc. now owns 68,880 shares of the company's stock valued at $437,000 after acquiring an additional 5,109 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Liberty Latin America during the 4th quarter valued at $41,000. Finally, Franklin Resources Inc. grew its holdings in shares of Liberty Latin America by 10.2% during the 3rd quarter. Franklin Resources Inc. now owns 91,461 shares of the company's stock valued at $868,000 after acquiring an additional 8,454 shares in the last quarter. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Stock Up 0.6%

NASDAQ:LILAK traded up $0.03 during trading hours on Friday, reaching $5.12. The company's stock had a trading volume of 543,523 shares, compared to its average volume of 965,639. The company has a market cap of $1.02 billion, a price-to-earnings ratio of -1.53 and a beta of 0.92. Liberty Latin America Ltd. has a one year low of $4.23 and a one year high of $10.93. The business's 50-day moving average is $5.56 and its 200-day moving average is $6.34. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.55). The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%.

Insider Buying and Selling

In other news, CFO Christopher J. Noyes purchased 8,000 shares of the firm's stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $4.53 per share, for a total transaction of $36,240.00. Following the completion of the acquisition, the chief financial officer now directly owns 231,621 shares of the company's stock, valued at approximately $1,049,243.13. The trade was a 3.58% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Balan Nair purchased 22,779 shares of the firm's stock in a transaction on Monday, May 12th. The shares were purchased at an average price of $4.39 per share, with a total value of $99,999.81. Following the completion of the acquisition, the chief executive officer now directly owns 1,651,001 shares of the company's stock, valued at approximately $7,247,894.39. This trade represents a 1.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Liberty Latin America from a "buy" rating to a "hold" rating in a report on Tuesday.

About Liberty Latin America

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.