Corton Capital Inc. Takes Position in Liberty Latin America Ltd. $LILA

Corton Capital Inc. purchased a new stake in shares of Liberty Latin America Ltd. (NASDAQ:LILA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,827 shares of the company’s stock, valued at approximately $66,000.

Several other large investors have also recently bought and sold shares of LILA. XTX Topco Ltd acquired a new position in Liberty Latin America during the first quarter valued at $246,000. Fourth Sail Capital LP acquired a new position in Liberty Latin America during the first quarter valued at $8,977,000. Swiss National Bank raised its position in Liberty Latin America by 16.7% during the first quarter. Swiss National Bank now owns 55,269 shares of the company’s stock valued at $350,000 after buying an additional 7,900 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Liberty Latin America by 36.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,148 shares of the company’s stock valued at $90,000 after buying an additional 3,755 shares during the period. Finally, Nuveen LLC acquired a new position in Liberty Latin America during the first quarter valued at $655,000. 18.48% of the stock is owned by institutional investors and hedge funds.

Liberty Latin America Stock Performance

Shares of LILA stock opened at $7.88 on Thursday. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.08 and a quick ratio of 1.08. Liberty Latin America Ltd. has a fifty-two week low of $4.25 and a fifty-two week high of $10.79. The stock’s 50-day moving average is $7.99 and its two-hundred day moving average is $6.74. The firm has a market cap of $1.58 billion, a P/E ratio of -1.33 and a beta of 1.06.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.08. Liberty Latin America had a negative return on equity of 77.72% and a negative net margin of 26.61%.The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. Analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.50.

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.