Gamco Investors INC. ET AL Boosts Holdings in Liberty Latin America Ltd. (NASDAQ:LILA)

Gamco Investors INC. ET AL lifted its stake in Liberty Latin America Ltd. (NASDAQ:LILA) by 21.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 465,241 shares of the company’s stock after buying an additional 81,627 shares during the period. Gamco Investors INC. ET AL owned approximately 0.23% of Liberty Latin America worth $3,243,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LILA. DekaBank Deutsche Girozentrale purchased a new position in shares of Liberty Latin America in the 4th quarter valued at $38,000. TFO Wealth Partners LLC grew its position in 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 purchasing an additional 7,297 shares during the last quarter. Cullen Investment Group LTD. purchased a new position in Liberty Latin America during the 4th quarter worth $86,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Liberty Latin America by 38.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock worth $114,000 after purchasing an additional 4,322 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Liberty Latin America by 80.8% during the 1st quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock worth $117,000 after purchasing an additional 7,494 shares during the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Liberty Latin America Stock Performance

Shares of NASDAQ:LILA traded up $0.25 during midday trading on Friday, hitting $10.20. The stock had a trading volume of 251,153 shares, compared to its average volume of 334,915. The company has a market capitalization of $2.01 billion, a PE ratio of -339.89 and a beta of 1.14. The stock has a 50 day moving average price of $9.14 and a two-hundred day moving average price of $7.80. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.33. Liberty Latin America Ltd. has a 1 year low of $5.90 and a 1 year high of $10.35.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Tuesday, May 7th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.16). The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Liberty Latin America had a negative net margin of 0.12% and a negative return on equity of 0.23%. During the same period in the previous year, the firm earned ($0.23) EPS. As a group, equities analysts predict that Liberty Latin America Ltd. will post -0.64 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

LILA has been the topic of several research reports. Barclays lowered their price objective on shares of Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 7th. The Goldman Sachs Group raised their price objective on shares of Liberty Latin America from $8.40 to $9.30 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Finally, Scotiabank downgraded shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th.

Insider Activity

In related news, Director Brendan J. Paddick acquired 250,000 shares of Liberty Latin America stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the purchase, the director now directly owns 886,108 shares of the company’s stock, valued at $7,842,055.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Brendan J. Paddick acquired 250,000 shares of Liberty Latin America stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the purchase, the director now directly owns 886,108 shares of the company’s stock, valued at $7,842,055.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dustin Henderson sold 5,906 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total transaction of $59,060.00. Following the completion of the sale, the insider now owns 1,600 shares of the company’s stock, valued at approximately $16,000. The disclosure for this sale can be found here. Insiders own 11.35% of the company’s stock.

Liberty Latin America 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.