Liberty Latin America Ltd. $LILA Shares Bought by Odyssean LLC

Odyssean LLC grew its stake in Liberty Latin America Ltd. (NASDAQ:LILA) by 129.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,141 shares of the company’s stock after purchasing an additional 59,822 shares during the quarter. Odyssean LLC’s holdings in Liberty Latin America were worth $832,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Fourth Sail Capital LP lifted its position in shares of Liberty Latin America by 21.5% in the fourth quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock valued at $6,723,000 after acquiring an additional 160,981 shares in the last quarter. Renaissance Technologies LLC raised its stake in Liberty Latin America by 27.3% in the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock valued at $7,470,000 after purchasing an additional 185,300 shares during the last quarter. S&CO Inc. purchased a new position in Liberty Latin America in the 2nd quarter valued at $1,236,000. Rubric Capital Management LP lifted its holdings in Liberty Latin America by 93.0% in the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after purchasing an additional 1,806,935 shares in the last quarter. Finally, Cook & Bynum Capital Management LLC acquired a new stake in Liberty Latin America during the 2nd quarter worth $1,111,093,000. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Morgan Stanley cut shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 target price for the company. in a research report on Thursday, August 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Liberty Latin America currently has a consensus rating of “Reduce” and a consensus target price of $10.00.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock opened at $8.66 on Thursday. The business’s 50 day moving average price is $7.70 and its 200 day moving average price is $7.87. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -17.67 and a beta of 0.74. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $9.04.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. On average, research analysts predict that Liberty Latin America Ltd. will post -0.47 EPS for the current year.

Insider Activity

In other news, CEO Balan Nair acquired 164,914 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average cost of $6.07 per share, for a total transaction of $1,001,027.98. Following the completion of the transaction, the chief executive officer owned 3,276,798 shares in the company, valued at approximately $19,890,163.86. This trade represents a 5.30% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Brendan J. Paddick bought 100,000 shares of Liberty Latin America stock in a transaction on Thursday, June 18th. The shares were purchased at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the completion of the purchase, the director directly owned 1,559,542 shares of the company’s stock, valued at $7,610,564.96. This trade represents a 6.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 2,685,679 shares of company stock worth $17,777,706. 6.25% of the stock is owned by insiders.

Liberty Latin America Company 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.