Panagora Asset Management Inc. Increases Stock Holdings in Liberty Latin America Ltd. $LILA

Panagora Asset Management Inc. increased its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 58.4% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 290,044 shares of the company’s stock after acquiring an additional 106,990 shares during the period. Panagora Asset Management Inc. owned approximately 0.15% of Liberty Latin America worth $1,769,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of Liberty Latin America by 12.2% during the second quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock valued at $4,042,000 after purchasing an additional 71,873 shares during the period. Wittenberg Investment Management Inc. grew its holdings in Liberty Latin America by 1.2% during the 2nd quarter. Wittenberg Investment Management Inc. now owns 595,207 shares of the company’s stock valued at $3,631,000 after purchasing an additional 6,780 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Liberty Latin America by 30.1% during the 1st quarter. Hsbc Holdings PLC now owns 520,902 shares of the company’s stock valued at $3,318,000 after purchasing an additional 120,548 shares in the last quarter. UMB Bank n.a. increased its stake in Liberty Latin America by 12.7% during the 2nd quarter. UMB Bank n.a. now owns 262,580 shares of the company’s stock worth $1,602,000 after buying an additional 29,679 shares during the period. Finally, Prudential Financial Inc. lifted its holdings in Liberty Latin America by 10.4% in the 2nd quarter. Prudential Financial Inc. now owns 221,390 shares of the company’s stock worth $1,350,000 after buying an additional 20,914 shares in the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

Analyst Ratings Changes

LILA has been the subject of a number of analyst reports. Benchmark upped their price objective on shares of Liberty Latin America from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, Liberty Latin America presently has an average rating of “Reduce” and a consensus target price of $9.75.

Liberty Latin America Trading Up 0.9%

NASDAQ LILA opened at $8.76 on Friday. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -2.37 and a beta of 1.00. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14. Liberty Latin America Ltd. has a 12 month low of $4.25 and a 12 month high of $8.94. The company’s fifty day moving average price is $8.17 and its two-hundred day moving average price is $7.18.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.08. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. Liberty Latin America had a negative net margin of 16.57% and a negative return on equity of 54.11%. As a group, research analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

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.