846,474 Shares in Liberty Latin America Ltd. $LILA Purchased by Oaktree Capital Management LP

Oaktree Capital Management LP bought a new stake in Liberty Latin America Ltd. (NASDAQ:LILA) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 846,474 shares of the company’s stock, valued at approximately $7,017,000.

Other hedge funds have also added to or reduced their stakes in the company. Gamco Investors INC. ET AL raised its position in Liberty Latin America by 3.5% during the third quarter. Gamco Investors INC. ET AL now owns 1,166,973 shares of the company’s stock valued at $9,674,000 after purchasing an additional 39,044 shares in the last quarter. Gabelli Funds LLC boosted its stake in Liberty Latin America by 7.6% in the third quarter. Gabelli Funds LLC now owns 849,005 shares of the company’s stock valued at $7,038,000 after buying an additional 60,005 shares in the last quarter. Geode Capital Management LLC boosted its stake in Liberty Latin America by 12.2% in the second quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock valued at $4,042,000 after buying an additional 71,873 shares in the last quarter. Wittenberg Investment Management Inc. grew its position in Liberty Latin America by 1.2% in the second quarter. Wittenberg Investment Management Inc. now owns 595,207 shares of the company’s stock valued at $3,631,000 after acquiring an additional 6,780 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Liberty Latin America by 604.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock valued at $2,430,000 after purchasing an additional 341,794 shares in the last quarter. 18.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.00.

Insider Buying and Selling at Liberty Latin America

In related news, CAO Brian D. Zook sold 94,494 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.04, for a total value of $759,731.76. Following the completion of the sale, the chief accounting officer directly owned 6,813 shares in the company, valued at $54,776.52. This represents a 93.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.96% of the stock is currently owned by corporate insiders.

Liberty Latin America Trading Up 1.1%

NASDAQ LILA traded up $0.09 during trading hours on Friday, reaching $7.65. The company’s stock had a trading volume of 20,073 shares, compared to its average volume of 366,169. The firm has a fifty day simple moving average of $7.65 and a 200-day simple moving average of $7.93. The company has a debt-to-equity ratio of 7.40, a current ratio of 1.14 and a quick ratio of 1.14. Liberty Latin America Ltd. has a 52 week low of $4.25 and a 52 week high of $9.04. The stock has a market cap of $1.53 billion, a P/E ratio of -2.49 and a beta of 1.00.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Wednesday, February 18th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.23). Liberty Latin America had a negative return on equity of 50.24% and a negative net margin of 13.76%.The business had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. Equities analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

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.