S&CO Inc. Makes New $1.24 Million Investment in Liberty Latin America Ltd. $LILA

S&CO Inc. bought a new stake in Liberty Latin America Ltd. (NASDAQ:LILA) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 157,758 shares of the company’s stock, valued at approximately $1,236,000. S&CO Inc. owned 0.08% of Liberty Latin America as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LILA. Handelsbanken Fonder AB raised its position in shares of Liberty Latin America by 37.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 46,900 shares of the company’s stock worth $368,000 after purchasing an additional 12,700 shares during the period. Rubric Capital Management LP lifted its holdings in shares of 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 worth $32,400,000 after purchasing an additional 1,806,935 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Liberty Latin America by 9.9% in the 1st quarter. Empowered Funds LLC now owns 265,587 shares of the company’s stock worth $2,295,000 after purchasing an additional 23,954 shares during the last quarter. Renaissance Technologies LLC boosted its position in Liberty Latin America by 27.3% during 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 period. Finally, State of Wyoming acquired a new position in Liberty Latin America during the 1st quarter valued at approximately $77,000. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Liberty Latin America Trading Up 0.8%

Liberty Latin America stock opened at $8.62 on Friday. Liberty Latin America Ltd. has a 52-week low of $4.77 and a 52-week high of $9.04. 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 firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -17.59 and a beta of 0.74. The firm has a 50-day moving average price of $7.55 and a two-hundred day moving average price of $7.82.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $1.10 billion for 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%. Sell-side analysts expect that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on LILA. 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 target price on Liberty Latin America in a research note on Friday, June 26th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Liberty Latin America presently has an average rating of “Hold” and an average price target of $10.00.

Insiders Place Their Bets

In other Liberty Latin America news, Director John C. Malone bought 12,406,463 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the transaction, the director directly owned 21,173,018 shares in the company, valued at $182,723,145.34. The trade was a 141.52% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles H. R. Bracken sold 42,975 shares of Liberty Latin America stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $8.57, for a total value of $368,295.75. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders acquired 15,085,381 shares of company stock valued at $124,788,013. 6.25% of the stock is owned by corporate insiders.

About Liberty Latin America

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.