Wittenberg Investment Management Inc. Grows Position in Liberty Latin America Ltd. $LILA

Wittenberg Investment Management Inc. boosted its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 1.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 595,207 shares of the company’s stock after purchasing an additional 6,780 shares during the period. Liberty Latin America makes up approximately 1.6% of Wittenberg Investment Management Inc.’s portfolio, making the stock its 13th biggest holding. Wittenberg Investment Management Inc. owned approximately 0.30% of Liberty Latin America worth $3,631,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Fourth Sail Capital LP acquired a new position in Liberty Latin America in the first quarter valued at $8,977,000. Hsbc Holdings PLC raised its holdings in shares of Liberty Latin America by 30.1% in the 1st quarter. Hsbc Holdings PLC now owns 520,902 shares of the company’s stock worth $3,318,000 after purchasing an additional 120,548 shares during the period. Nuveen LLC acquired a new position in shares of Liberty Latin America in the 1st quarter valued at about $655,000. Trexquant Investment LP acquired a new position in shares of Liberty Latin America in the 1st quarter valued at about $542,000. Finally, Geode Capital Management LLC grew its holdings in shares of Liberty Latin America by 12.2% during the 2nd quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock worth $4,042,000 after purchasing an additional 71,873 shares during the period. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Liberty Latin America Stock Down 1.5%

NASDAQ LILA opened at $8.05 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. Liberty Latin America Ltd. has a fifty-two week low of $4.25 and a fifty-two week high of $8.94. The business has a 50 day moving average price of $8.02 and a two-hundred day moving average price of $6.90. The stock has a market cap of $1.61 billion, a PE ratio of -2.18 and a beta of 1.06.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative net margin of 16.57% and a negative return on equity of 54.11%. As a group, sell-side analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on LILA shares. Benchmark raised their price target on shares of Liberty Latin America from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $9.75.

Liberty Latin America Company 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.