Liberty Latin America Ltd. $LILA Shares Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL raised its holdings in Liberty Latin America Ltd. (NASDAQ:LILA) by 72.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 273,382 shares of the company’s stock after purchasing an additional 115,148 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Liberty Latin America were worth $2,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC acquired a new stake in shares of Liberty Latin America in the 2nd quarter valued at approximately $936,000. Oaktree Capital Management LP purchased a new stake in shares of Liberty Latin America in the third quarter valued at approximately $7,017,000. Panagora Asset Management Inc. grew its holdings in Liberty Latin America by 58.4% during the second quarter. Panagora Asset Management Inc. now owns 290,044 shares of the company’s stock worth $1,769,000 after acquiring an additional 106,990 shares during the period. Gamco Investors INC. ET AL grew its holdings in Liberty Latin America by 6.6% during the second quarter. Gamco Investors INC. ET AL now owns 1,127,929 shares of the company’s stock worth $6,880,000 after acquiring an additional 69,649 shares during the period. Finally, Portland Investment Counsel Inc. purchased a new position in Liberty Latin America in the third quarter worth $589,000. Institutional investors and hedge funds own 18.48% of the company’s stock.

Liberty Latin America Stock Performance

NASDAQ LILA opened at $8.33 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 7.40. Liberty Latin America Ltd. has a fifty-two week low of $4.25 and a fifty-two week high of $9.04. The business has a fifty day moving average of $7.85 and a 200-day moving average of $7.93. The stock has a market cap of $1.67 billion, a price-to-earnings ratio of -2.72 and a beta of 1.00.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Wednesday, February 18th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.23). The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Liberty Latin America had a negative net margin of 13.76% and a negative return on equity of 50.24%. As a group, analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.00.

Insider Activity

In other Liberty Latin America news, CAO Brian D. Zook sold 94,494 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.04, for a total transaction of $759,731.76. Following the sale, the chief accounting officer directly owned 6,813 shares of the company’s stock, valued at $54,776.52. This trade represents a 93.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.96% of the stock is owned by corporate insiders.

About Liberty Latin America

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.