Liberty Latin America Ltd. (NASDAQ:LILAK) Shares Bought by Northern Trust Corp

Northern Trust Corp raised its stake in Liberty Latin America Ltd. (NASDAQ:LILAK) by 27.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,519,252 shares of the company’s stock after purchasing an additional 324,018 shares during the period. Northern Trust Corp’s holdings in Liberty Latin America were worth $9,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new stake in Liberty Latin America in the 4th quarter valued at about $41,000. Bleakley Financial Group LLC purchased a new position in shares of Liberty Latin America in the 4th quarter valued at about $65,000. Sargent Investment Group LLC purchased a new position in shares of Liberty Latin America in the 4th quarter valued at about $69,000. KBC Group NV increased its holdings in shares of Liberty Latin America by 62.5% in the 4th quarter. KBC Group NV now owns 11,879 shares of the company’s stock valued at $75,000 after acquiring an additional 4,571 shares during the last quarter. Finally, Townsquare Capital LLC purchased a new position in shares of Liberty Latin America in the 4th quarter valued at about $80,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

Insider Buying and Selling

In related news, CFO Christopher J. Noyes acquired 8,000 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was bought at an average cost of $4.53 per share, with a total value of $36,240.00. Following the transaction, the chief financial officer now owns 231,621 shares of the company’s stock, valued at $1,049,243.13. The trade was a 3.58% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Balan Nair acquired 22,779 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $4.39 per share, with a total value of $99,999.81. Following the completion of the transaction, the chief executive officer now directly owns 1,651,001 shares in the company, valued at $7,247,894.39. This trade represents a 1.40% increase in their position. The disclosure for this purchase can be found here. 9.66% of the stock is currently owned by company insiders.

Liberty Latin America Stock Performance

LILAK opened at $5.43 on Friday. Liberty Latin America Ltd. has a one year low of $4.23 and a one year high of $10.93. The company has a market cap of $1.09 billion, a P/E ratio of -1.63 and a beta of 0.92. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day simple moving average is $5.72 and its 200-day simple moving average is $6.48.

Liberty Latin America (NASDAQ:LILAK) last released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.55). The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Liberty Latin America from a “hold” rating to a “buy” rating in a report on Monday, May 12th.

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.