Portland Investment Counsel Inc. Buys New Stake in Liberty Latin America Ltd. $LILA

Portland Investment Counsel Inc. bought a new stake in Liberty Latin America Ltd. (NASDAQ:LILA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 71,100 shares of the company’s stock, valued at approximately $589,000.

A number of other large investors also recently added to or reduced their stakes in LILA. AQR Capital Management LLC purchased a new position in shares of Liberty Latin America during the first quarter worth $104,000. Empowered Funds LLC grew its stake in shares of Liberty Latin America by 7.3% in the first quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock valued at $1,359,000 after buying an additional 14,547 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Liberty Latin America by 230.6% in the 1st quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock valued at $314,000 after buying an additional 34,640 shares during the period. Strs Ohio purchased a new stake in shares of Liberty Latin America in the 1st quarter valued at $34,000. Finally, Geode Capital Management LLC lifted its stake in Liberty Latin America by 12.2% during the 2nd quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock worth $4,042,000 after acquiring an additional 71,873 shares in the last quarter. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Liberty Latin America Price Performance

Liberty Latin America stock opened at $7.58 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 7.40. Liberty Latin America Ltd. has a 52-week low of $4.25 and a 52-week high of $9.04. The firm has a market cap of $1.52 billion, a PE ratio of -2.48 and a beta of 1.00. The company’s 50 day moving average is $7.66 and its two-hundred day moving average is $7.93.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.23). Liberty Latin America had a negative return on equity of 50.24% and a negative net margin of 13.76%.The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.14 billion. On average, research analysts expect that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $13.00.

Insider Transactions at Liberty Latin America

In related news, CAO Brian D. Zook sold 94,494 shares of Liberty Latin America stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.04, for a total value of $759,731.76. Following the completion of the transaction, the chief accounting officer directly owned 6,813 shares in the company, valued at approximately $54,776.52. This trade represents a 93.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 11.96% of the company’s stock.

Liberty Latin America Profile

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.