157,758 Shares in Liberty Latin America Ltd. $LILA Acquired by S&CO Inc.

S&CO Inc. bought a new position in Liberty Latin America Ltd. (NASDAQ:LILA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 157,758 shares of the company’s stock, valued at approximately $1,236,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its position in shares of Liberty Latin America by 58.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after purchasing an additional 2,070 shares during the period. Mackenzie Financial Corp raised its stake in shares of Liberty Latin America by 1.6% in the 3rd quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock worth $1,218,000 after buying an additional 2,314 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Latin America by 31.4% in the first quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after buying an additional 2,693 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Liberty Latin America by 29.1% in the fourth quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock valued at $116,000 after buying an additional 3,524 shares during the period. Finally, Strs Ohio bought a new position in Liberty Latin America during the first quarter valued at about $34,000. 18.48% of the stock is owned by institutional investors.

Insider Transactions at Liberty Latin America

In related news, Director Charles H. R. Bracken bought 17,425 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average cost of $20.93 per share, for a total transaction of $364,705.25. Following the acquisition, the director directly owned 41,192 shares of the company’s stock, valued at $862,148.56. The trade was a 73.32% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP John M. Winter bought 5,071 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average price of $19.67 per share, for a total transaction of $99,746.57. Following the completion of the acquisition, the senior vice president directly owned 64,547 shares in the company, valued at approximately $1,269,639.49. The trade was a 8.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 15,085,381 shares of company stock valued at $124,788,013 in the last three months. 6.25% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LILA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. Morgan Stanley set a $7.00 price target on shares of Liberty Latin America in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $10.00.

Liberty Latin America Trading Up 0.8%

Shares of NASDAQ:LILA opened at $8.62 on Friday. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of -17.59 and a beta of 0.74. Liberty Latin America Ltd. has a 1-year low of $4.77 and a 1-year high of $9.04. The company has a 50 day moving average price of $7.55 and a 200 day moving average price of $7.82.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. On average, research analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Liberty Latin America Profile

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.