S&CO Inc. Takes Position in Liberty Latin America Ltd. $LILA

S&CO Inc. purchased a new position in Liberty Latin America Ltd. (NASDAQ:LILA) during the second quarter, Holdings Channel reports. The fund purchased 60,315 shares of the company’s stock, valued at approximately $469,000.

A number of other large investors have also added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its holdings in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after buying an additional 2,070 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Liberty Latin America by 1.6% in the third quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock valued at $1,218,000 after acquiring an additional 2,314 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Liberty Latin America by 31.4% in the first quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after acquiring an additional 2,693 shares during the last quarter. Intech Investment Management LLC grew its position in shares of Liberty Latin America by 29.1% during the 4th quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock valued at $116,000 after acquiring an additional 3,524 shares during the period. Finally, Strs Ohio bought a new position in shares of Liberty Latin America during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Analyst Upgrades and Downgrades

LILA has been the subject of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. Morgan Stanley set a $7.00 price objective on Liberty Latin America in a research note on Friday, June 26th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.00.

Insiders Place Their Bets

In other news, Director John C. Malone bought 28,219 shares of the stock in a transaction on Thursday, August 13th. The shares were acquired at an average cost of $8.50 per share, for a total transaction of $239,861.50. Following the purchase, the director directly owned 178,524 shares of the company’s stock, valued at $1,517,454. This trade represents a 18.77% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Charles H. R. Bracken purchased 17,425 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $20.93 per share, with a total value of $364,705.25. Following the completion of the acquisition, the director owned 41,192 shares in the company, valued at approximately $862,148.56. This trade represents a 73.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 15,085,381 shares of company stock worth $124,788,013 in the last three months. 6.25% of the stock is currently owned by corporate insiders.

Liberty Latin America Stock Performance

Shares of LILA opened at $8.62 on Monday. Liberty Latin America Ltd. has a twelve month low of $4.77 and a twelve month high of $9.04. The stock has a market cap of $1.69 billion, a PE ratio of -17.59 and a beta of 0.74. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08. The business’s 50-day moving average price is $7.55 and its 200-day moving average price is $7.83.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. On average, equities analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Liberty Latin America Profile

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.