Virtu Financial LLC Acquires 16,007 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Virtu Financial LLC lifted its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 16.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 112,864 shares of the company’s stock after purchasing an additional 16,007 shares during the period. Virtu Financial LLC owned about 0.06% of Liberty Latin America worth $825,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Diversified Trust Co grew its stake in shares of Liberty Latin America by 9.5% during the fourth quarter. Diversified Trust Co now owns 21,538 shares of the company’s stock valued at $157,000 after buying an additional 1,867 shares during the last quarter. SG Americas Securities LLC grew its position in Liberty Latin America by 23.6% during the 4th quarter. SG Americas Securities LLC now owns 20,001 shares of the company’s stock worth $146,000 after acquiring an additional 3,823 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Liberty Latin America by 38.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock worth $114,000 after purchasing an additional 4,322 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in Liberty Latin America in the 4th quarter worth approximately $38,000. Finally, TFO Wealth Partners LLC lifted its position in Liberty Latin America by 17,797.6% in the fourth quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock valued at $54,000 after purchasing an additional 7,297 shares during the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Insider Activity at Liberty Latin America

In related news, major shareholder John C. Malone acquired 35,780 shares of the stock in a transaction on Wednesday, March 20th. The stock was acquired at an average cost of $6.43 per share, for a total transaction of $230,065.40. Following the completion of the acquisition, the insider now directly owns 7,402,498 shares of the company’s stock, valued at approximately $47,598,062.14. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Brian D. Zook sold 27,711 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $6.76, for a total value of $187,326.36. Following the completion of the transaction, the chief accounting officer now directly owns 34,798 shares in the company, valued at approximately $235,234.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder John C. Malone acquired 35,780 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were acquired at an average cost of $6.43 per share, for a total transaction of $230,065.40. Following the purchase, the insider now directly owns 7,402,498 shares of the company’s stock, valued at $47,598,062.14. The disclosure for this purchase can be found here. Insiders have purchased 1,220,056 shares of company stock worth $8,247,512 over the last 90 days. 11.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. The Goldman Sachs Group lifted their target price on shares of Liberty Latin America from $8.40 to $9.30 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Barclays decreased their price objective on shares of Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 7th.

Liberty Latin America Trading Down 1.0 %

Shares of LILA traded down $0.08 during mid-day trading on Friday, hitting $8.28. 204,238 shares of the company’s stock traded hands, compared to its average volume of 283,314. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.33. The firm has a market capitalization of $1.63 billion, a P/E ratio of -276.00 and a beta of 1.11. The business’s 50-day moving average price is $8.17 and its 200-day moving average price is $7.32. Liberty Latin America Ltd. has a 1 year low of $5.90 and a 1 year high of $9.85.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.16). Liberty Latin America had a negative net margin of 0.12% and a negative return on equity of 0.23%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm earned ($0.23) EPS. As a group, sell-side analysts forecast that Liberty Latin America Ltd. will post -0.64 EPS for the current fiscal year.

Liberty Latin America Company Profile

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.