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XTX Topco Ltd Takes Position in Liberty Latin America Ltd. (NASDAQ:LILA)

Liberty Latin America logo with Computer and Technology background

Key Points

  • XTX Topco Ltd acquired a new stake in Liberty Latin America Ltd. (NASDAQ:LILA), purchasing 38,832 shares valued at approximately $246,000.
  • Liberty Latin America reported a quarterly earnings loss of ($2.12) per share, missing estimates by ($2.13), with revenues of $1.09 billion against expectations of $1.10 billion.
  • Sell-side analysts upgraded Liberty Latin America to a "strong-buy" rating, indicating enhanced confidence in the stock's future performance.
  • Need better tools to track Liberty Latin America? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

XTX Topco Ltd purchased a new position in Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 38,832 shares of the company's stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hsbc Holdings PLC bought a new position in shares of Liberty Latin America in the 4th quarter worth $2,526,000. UMB Bank n.a. lifted its holdings in Liberty Latin America by 37.5% during the first quarter. UMB Bank n.a. now owns 232,901 shares of the company's stock worth $1,474,000 after acquiring an additional 63,486 shares in the last quarter. Bank of America Corp DE lifted its holdings in Liberty Latin America by 38.3% during the fourth quarter. Bank of America Corp DE now owns 186,493 shares of the company's stock worth $1,186,000 after acquiring an additional 51,664 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in Liberty Latin America by 132.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 221,468 shares of the company's stock worth $1,409,000 after acquiring an additional 126,383 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Liberty Latin America by 4.3% during the fourth quarter. Barclays PLC now owns 73,416 shares of the company's stock worth $467,000 after acquiring an additional 2,997 shares in the last quarter. 18.48% of the stock is currently owned by institutional investors.

Liberty Latin America Stock Performance

Liberty Latin America stock traded up $0.37 during midday trading on Friday, reaching $7.93. 339,209 shares of the company's stock were exchanged, compared to its average volume of 453,911. Liberty Latin America Ltd. has a 52 week low of $4.25 and a 52 week high of $10.79. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of -1.34 and a beta of 0.98. The stock's 50-day simple moving average is $6.36 and its 200 day simple moving average is $6.10.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($2.12) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($2.13). Liberty Latin America had a negative return on equity of 77.72% and a negative net margin of 26.61%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. On average, analysts expect that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Benchmark raised Liberty Latin America to a "strong-buy" rating in a research note on Monday, June 2nd.

Check Out Our Latest Research Report on Liberty Latin America

Liberty Latin America Company 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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Institutional Ownership by Quarter for Liberty Latin America (NASDAQ:LILA)

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