Bailard Inc. Acquires Shares of 71,600 Liberty Latin America Ltd. (NASDAQ:LILA)

Bailard Inc. acquired a new stake in Liberty Latin America Ltd. (NASDAQ:LILA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 71,600 shares of the company’s stock, valued at approximately $523,000.

Several other institutional investors also recently modified their holdings of the business. Wittenberg Investment Management Inc. grew its position in shares of Liberty Latin America by 18.6% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 748,648 shares of the company’s stock worth $6,109,000 after buying an additional 117,300 shares during the period. Panagora Asset Management Inc. grew its position in shares of Liberty Latin America by 11.1% during the 3rd quarter. Panagora Asset Management Inc. now owns 422,678 shares of the company’s stock worth $3,449,000 after buying an additional 42,159 shares during the period. Gamco Investors INC. ET AL grew its position in shares of Liberty Latin America by 1.5% during the 3rd quarter. Gamco Investors INC. ET AL now owns 343,950 shares of the company’s stock worth $2,807,000 after buying an additional 5,248 shares during the period. Mackenzie Financial Corp grew its position in shares of Liberty Latin America by 0.6% during the 3rd quarter. Mackenzie Financial Corp now owns 267,417 shares of the company’s stock worth $2,056,000 after buying an additional 1,588 shares during the period. Finally, Hosking Partners LLP boosted its stake in Liberty Latin America by 2.9% during the 3rd quarter. Hosking Partners LLP now owns 93,438 shares of the company’s stock worth $762,000 after acquiring an additional 2,673 shares during the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

Liberty Latin America Stock Up 2.0 %

Liberty Latin America stock opened at $7.61 on Friday. The company’s 50 day simple moving average is $6.82 and its 200 day simple moving average is $6.94. Liberty Latin America Ltd. has a fifty-two week low of $5.90 and a fifty-two week high of $9.85. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -29.27 and a beta of 1.18. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.13 and a quick ratio of 1.13.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.49) earnings per share for the quarter. Liberty Latin America had a negative return on equity of 2.26% and a negative net margin of 1.21%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.17 billion. As a group, sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.64 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder John C. Malone acquired 484,673 shares of Liberty Latin America stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average price of $6.72 per share, with a total value of $3,257,002.56. Following the purchase, the insider now directly owns 8,360,255 shares of the company’s stock, valued at $56,180,913.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Liberty Latin America news, CAO Brian D. Zook sold 27,711 shares of Liberty Latin America stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $6.76, for a total value of $187,326.36. Following the transaction, the chief accounting officer now owns 34,798 shares of the company’s stock, valued at $235,234.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder John C. Malone purchased 484,673 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was bought at an average cost of $6.72 per share, for a total transaction of $3,257,002.56. Following the purchase, the insider now owns 8,360,255 shares of the company’s stock, valued at approximately $56,180,913.60. The disclosure for this purchase can be found here. Insiders have bought 1,220,056 shares of company stock valued at $8,247,512 in the last 90 days. 11.35% of the stock is owned by insiders.

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.