Liberty Latin America Ltd. (NASDAQ:LILAK) Stake Raised by Northern Trust Corp

Northern Trust Corp grew its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,519,252 shares of the company's stock after acquiring an additional 324,018 shares during the period. Northern Trust Corp owned about 0.77% of Liberty Latin America worth $9,632,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Barclays PLC increased its position in Liberty Latin America by 55.8% during the third quarter. Barclays PLC now owns 200,249 shares of the company's stock worth $1,900,000 after buying an additional 71,734 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Liberty Latin America by 10.2% during the third 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 during the last quarter. UMB Bank n.a. increased its position in Liberty Latin America by 970.4% during the 4th quarter. UMB Bank n.a. now owns 282,937 shares of the company's stock worth $1,794,000 after purchasing an additional 256,504 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in Liberty Latin America in the 4th quarter valued at about $94,000. Finally, KBC Group NV raised its stake in Liberty Latin America by 62.5% in the 4th quarter. KBC Group NV now owns 11,879 shares of the company's stock valued at $75,000 after purchasing an additional 4,571 shares during the last quarter. Hedge funds and other institutional investors own 52.98% of the company's stock.

Liberty Latin America Stock Performance

Shares of LILAK traded down $0.17 during midday trading on Wednesday, hitting $5.03. 874,731 shares of the stock traded hands, compared to its average volume of 965,391. The business's 50 day moving average price is $5.66 and its two-hundred day moving average price is $6.42. The firm has a market capitalization of $1.01 billion, a PE ratio of -1.51 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 1-year low of $4.23 and a 1-year high of $10.93.

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 the consensus estimate of ($0.14) by ($0.55). Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Liberty Latin America from a "buy" rating to a "hold" rating in a report on Tuesday.

Insider Transactions at Liberty Latin America

In other Liberty Latin America news, CEO Balan Nair purchased 22,779 shares of the company's 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 completion of the transaction, the chief executive officer now 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Christopher J. Noyes acquired 8,000 shares of Liberty Latin America stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $4.53 per share, with a total value of $36,240.00. Following 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. Company insiders own 9.66% of the company's stock.

Liberty Latin America Company Profile

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.