Ground Swell Capital LLC Makes New $122,000 Investment in Liberty Latin America Ltd. (NASDAQ:LILA)

Ground Swell Capital LLC bought a new stake in shares of Liberty Latin America Ltd. (NASDAQ:LILA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 12,685 shares of the company’s stock, valued at approximately $122,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of LILA. TFO Wealth Partners LLC boosted its stake in shares of Liberty Latin America by 17,797.6% during the 4th quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock worth $54,000 after acquiring an additional 7,297 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Liberty Latin America by 80.8% during the 1st quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock valued at $117,000 after buying an additional 7,494 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Liberty Latin America during the 1st quarter valued at approximately $144,000. DekaBank Deutsche Girozentrale increased its holdings in Liberty Latin America by 304.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock worth $149,000 after acquiring an additional 16,215 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Liberty Latin America by 186.5% during the 1st quarter. Lazard Asset Management LLC now owns 29,716 shares of the company’s stock worth $206,000 after acquiring an additional 19,345 shares during the period. 18.48% of the stock is owned by institutional investors.

Liberty Latin America Trading Down 1.2 %

Liberty Latin America stock opened at $9.10 on Wednesday. Liberty Latin America Ltd. has a 1 year low of $5.90 and a 1 year high of $10.81. The firm’s 50 day moving average price is $9.63 and its 200-day moving average price is $8.42. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $1.79 billion, a P/E ratio of -303.23 and a beta of 1.14.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Liberty Latin America had a negative return on equity of 3.75% and a negative net margin of 1.91%. During the same quarter in the prior year, the firm posted $0.17 earnings per share. On average, equities analysts predict that Liberty Latin America Ltd. will post -0.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LILA. The Goldman Sachs Group cut shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Scotiabank lowered Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th.

Insiders Place Their Bets

In other Liberty Latin America news, CAO Brian D. Zook sold 26,197 shares of Liberty Latin America stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total transaction of $250,967.26. Following the completion of the transaction, the chief accounting officer now directly owns 28,788 shares of the company’s stock, valued at $275,789.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Brian D. Zook sold 26,197 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total value of $250,967.26. Following the transaction, the chief accounting officer now owns 28,788 shares of the company’s stock, valued at approximately $275,789.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dustin Henderson sold 5,906 shares of the company’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $10.00, for a total value of $59,060.00. Following the completion of the sale, the insider now owns 1,600 shares of the company’s stock, valued at $16,000. The disclosure for this sale can be found here. Corporate insiders own 11.35% of the company’s stock.

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.