XTX Topco Ltd Invests $246,000 in Liberty Latin America Ltd. (NASDAQ:LILA)

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.

XTX Topco Ltd acquired a new stake in shares of Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 38,832 shares of the company's stock, valued at approximately $246,000.

A number of other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in Liberty Latin America by 12.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company's stock valued at $80,000 after purchasing an additional 1,422 shares during the last quarter. Searchlight Capital Partners L.P. boosted its position in Liberty Latin America by 3.3% during the fourth quarter. Searchlight Capital Partners L.P. now owns 45,708 shares of the company's stock valued at $291,000 after purchasing an additional 1,444 shares during the last quarter. Barclays PLC boosted its position in Liberty Latin America by 4.3% during the fourth quarter. Barclays PLC now owns 73,416 shares of the company's stock valued at $467,000 after purchasing an additional 2,997 shares during the last quarter. State of Wyoming raised its holdings in Liberty Latin America by 10.9% during the fourth quarter. State of Wyoming now owns 31,628 shares of the company's stock valued at $201,000 after buying an additional 3,100 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Liberty Latin America by 3.1% during the fourth quarter. Deutsche Bank AG now owns 125,758 shares of the company's stock valued at $800,000 after buying an additional 3,803 shares in the last quarter. Institutional investors and hedge funds own 18.48% of the company's stock.

Liberty Latin America Stock Up 3.4%

NASDAQ LILA traded up $0.26 during trading on Friday, hitting $7.82. 678,733 shares of the company traded hands, compared to its average volume of 460,044. Liberty Latin America Ltd. has a 12 month low of $4.25 and a 12 month high of $10.79. The business has a fifty day simple moving average of $6.41 and a 200 day simple moving average of $6.10. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 6.78. The company has a market capitalization of $1.56 billion, a P/E ratio of -1.32 and a beta of 0.98.

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

Analyst Upgrades and Downgrades

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

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.