UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 25.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 331,332 shares of the company's stock after buying an additional 67,621 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.17% of Liberty Latin America worth $2,101,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new stake in Liberty Latin America during the fourth quarter worth $41,000. Bleakley Financial Group LLC acquired a new position in shares of Liberty Latin America in the fourth quarter valued at approximately $65,000. Bridgefront Capital LLC purchased a new stake in Liberty Latin America during the 4th quarter worth approximately $65,000. KBC Group NV lifted its holdings in Liberty Latin America by 62.5% during the 4th quarter. KBC Group NV now owns 11,879 shares of the company's stock worth $75,000 after buying an additional 4,571 shares in the last quarter. Finally, Townsquare Capital LLC purchased a new position in Liberty Latin America in the 4th quarter valued at approximately $80,000. Hedge funds and other institutional investors own 52.98% of the company's stock.
Insider Buying and Selling
In other news, CEO Balan Nair bought 22,779 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $4.39 per share, with a total value of $99,999.81. Following the purchase, the chief executive officer now owns 1,651,001 shares of the company's stock, valued at $7,247,894.39. This trade represents a 1.40% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Christopher J. Noyes bought 8,000 shares of the stock in a transaction on Monday, May 12th. The stock was purchased at an average cost of $4.53 per share, with a total value of $36,240.00. Following the completion of the purchase, 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 position. The disclosure for this purchase can be found here. 9.66% of the stock is currently owned by insiders.
Liberty Latin America Stock Performance
Shares of NASDAQ LILAK traded up $0.12 during mid-day trading on Monday, hitting $5.24. 961,724 shares of the company were exchanged, compared to its average volume of 964,120. The stock has a 50 day simple moving average of $5.27 and a 200-day simple moving average of $6.18. Liberty Latin America Ltd. has a 1-year low of $4.23 and a 1-year high of $10.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of -1.57 and a beta of 0.89.
Liberty Latin America (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.55). 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 net margin of 14.74% and a negative return on equity of 31.59%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Liberty Latin America from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th.
View Our Latest Stock Analysis on LILAK
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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