S&CO Inc. Makes New $11.66 Million Investment in Liberty Latin America Ltd. $LILA

S&CO Inc. bought a new position in Liberty Latin America Ltd. (NASDAQ:LILA) during the second quarter, HoldingsChannel.com reports. The fund bought 122,528 shares of the company’s stock, valued at approximately $11,657,000.

Other hedge funds have also recently made changes to their positions in the company. Fourth Sail Capital LP lifted its holdings in shares of Liberty Latin America by 21.5% in the 4th 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 during the last quarter. Renaissance Technologies LLC increased its stake in Liberty Latin America by 27.3% during the first quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock worth $7,470,000 after acquiring an additional 185,300 shares during the last quarter. Rubric Capital Management LP increased its stake in Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after acquiring an additional 1,806,935 shares during the last quarter. State of Wyoming purchased a new stake in Liberty Latin America during the first quarter valued at approximately $77,000. Finally, Mariner LLC purchased a new stake in Liberty Latin America during the fourth quarter valued at approximately $87,000. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Price Performance

LILA stock opened at $8.62 on Friday. The stock has a market cap of $1.69 billion, a PE ratio of -17.59 and a beta of 0.74. Liberty Latin America Ltd. has a 12 month low of $4.77 and a 12 month high of $9.04. The company has a 50-day moving average price of $7.55 and a 200 day moving average price of $7.82. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. Equities research analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Insiders Place Their Bets

In other Liberty Latin America news, Director Brendan J. Paddick purchased 100,000 shares of Liberty Latin America stock in a transaction dated 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 acquisition, the director owned 1,559,542 shares in the company, valued at $7,610,564.96. This represents a 6.85% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John C. Malone purchased 12,406,463 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $8.63 per share, with a total value of $107,067,775.69. Following the completion of the purchase, 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 position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 15,085,381 shares of company stock worth $124,788,013 over the last three months. 6.25% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LILA has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. Morgan Stanley set a $7.00 price target on Liberty Latin America in a report on Friday, June 26th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Liberty Latin America currently has a consensus rating of “Hold” and an average target price of $10.00.

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.