Liberty Latin America Ltd. (NASDAQ:LILA) Shares Acquired by Virtu Financial LLC

Virtu Financial LLC boosted its position in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 173.1% in the second quarter, Holdings Channel.com reports. The firm owned 332,077 shares of the company’s stock after acquiring an additional 210,483 shares during the period. Virtu Financial LLC’s holdings in Liberty Latin America were worth $3,191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. TFO Wealth Partners LLC boosted its position in Liberty Latin America by 17,797.6% in the 4th quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock valued at $54,000 after buying an additional 7,297 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Liberty Latin America by 80.8% during the first quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock valued at $117,000 after purchasing an additional 7,494 shares during the last quarter. Ground Swell Capital LLC bought a new stake in shares of Liberty Latin America during the 2nd quarter valued at about $122,000. Principal Financial Group Inc. acquired a new stake in shares of Liberty Latin America during the 1st quarter worth approximately $144,000. Finally, DekaBank Deutsche Girozentrale increased its position in Liberty Latin America by 304.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock worth $149,000 after buying an additional 16,215 shares during the period. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Insider Activity at Liberty Latin America

In other news, Director Brendan J. Paddick purchased 250,000 shares of Liberty Latin America stock in a transaction dated Friday, June 21st. The stock was acquired at an average cost of $8.85 per share, for a total transaction of $2,212,500.00. Following the acquisition, the director now directly owns 886,108 shares in the company, valued at $7,842,055.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Brian D. Zook sold 26,197 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total transaction of $250,967.26. Following the completion of the sale, the chief accounting officer now directly owns 28,788 shares of the company’s stock, valued at approximately $275,789.04. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Brendan J. Paddick bought 250,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the acquisition, the director now directly owns 886,108 shares in the company, valued at $7,842,055.80. The disclosure for this purchase can be found here. Insiders own 11.35% of the company’s stock.

Liberty Latin America Trading Up 1.4 %

Shares of NASDAQ LILA opened at $9.75 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 3.46. Liberty Latin America Ltd. has a one year low of $5.90 and a one year high of $10.81. The business has a 50-day moving average price of $9.66 and a two-hundred day moving average price of $8.51. The firm has a market capitalization of $1.92 billion, a PE ratio of -325.00 and a beta of 1.14.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter. Liberty Latin America had a negative return on equity of 3.75% and a negative net margin of 1.91%. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. During the same quarter in the prior year, the business posted $0.17 earnings per share. As a group, analysts predict that Liberty Latin America Ltd. will post -0.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. The Goldman Sachs Group downgraded Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Scotiabank lowered shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th.

About Liberty Latin America

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.