S&CO Inc. Invests $11.66 Million in Liberty Latin America Ltd. $LILA

Key Points

• S&CO Inc. acquired 122,528 Liberty Latin America shares worth approximately $11.66 million during the second quarter, giving it a 0.06% stake. Institutional investors collectively own 18.48% of the company.
• Company insiders made substantial purchases, including John C. Malone’s acquisition of 12.4 million shares for about $107.1 million and Brendan J. Paddick’s purchase of 100,000 shares. Insiders bought more than $124.8 million in stock over the past 90 days.
• LILA carries a consensus “Hold” rating with a $10 target price, while shares recently opened at $8.62. Liberty Latin America reported $1.10 billion in quarterly revenue but posted a $0.13 loss per share and continues to have negative profitability metrics.

S&CO Inc. acquired a new stake in shares of Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 122,528 shares of the company's stock, valued at approximately $11,657,000. S&CO Inc. owned 0.06% of Liberty Latin America at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LILA. Strs Ohio purchased a new stake in Liberty Latin America in the 1st quarter worth $34,000. Russell Investments Group Ltd. lifted its position in shares of Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company's stock valued at $46,000 after acquiring an additional 2,070 shares in the last quarter. Danske Bank A S bought a new position in shares of Liberty Latin America in the third quarter worth about $56,000. Quantbot Technologies LP boosted its stake in shares of Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company's stock worth $59,000 after acquiring an additional 6,289 shares during the period. Finally, State of Wyoming purchased a new stake in shares of Liberty Latin America during the first quarter worth about $77,000. Hedge funds and other institutional investors own 18.48% of the company's stock.

Insider Transactions at Liberty Latin America

In other news, Director Brendan J. Paddick purchased 100,000 shares of the business's stock in a transaction on Thursday, June 18th. The stock was acquired at an average price of $4.88 per share, for a total transaction of $488,000.00. Following the acquisition, the director directly owned 1,559,542 shares of the company's stock, valued at $7,610,564.96. This represents a 6.85% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Malone purchased 12,406,463 shares of the business's stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $8.63 per share, with a total value of $107,067,775.69. Following the acquisition, the director directly owned 21,173,018 shares in the company, valued at $182,723,145.34. This represents a 141.52% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 15,085,381 shares of company stock valued at $124,788,013 in the last ninety days. Corporate insiders own 6.25% of the company's stock.

Analyst Upgrades and Downgrades

LILA has been the topic of several recent analyst reports. Morgan Stanley set a $7.00 target price on Liberty Latin America in a research note on Friday, June 26th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Latin America in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.00.

Liberty Latin America Stock Up 0.8%

Shares of LILA stock opened at $8.62 on Friday. The company's fifty day simple moving average is $7.55 and its two-hundred day simple moving average is $7.82. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $9.04. The stock has a market cap of $1.69 billion, a P/E ratio of -17.59 and a beta of 0.74. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.10 billion. Analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

About Liberty Latin America

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company's operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.

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