Fourth Sail Capital LP Has $6.72 Million Stock Position in Liberty Latin America Ltd. $LILA

Fourth Sail Capital LP raised its holdings in Liberty Latin America Ltd. (NASDAQ:LILA) by 21.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 909,742 shares of the company’s stock after acquiring an additional 160,981 shares during the quarter. Liberty Latin America makes up about 1.1% of Fourth Sail Capital LP’s portfolio, making the stock its 26th largest holding. Fourth Sail Capital LP’s holdings in Liberty Latin America were worth $6,723,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LILA. AQR Capital Management LLC bought a new stake in shares of Liberty Latin America in the 1st quarter valued at $104,000. Empowered Funds LLC raised its position in shares of Liberty Latin America by 7.3% in the 1st quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock worth $1,359,000 after acquiring an additional 14,547 shares in the last quarter. Jane Street Group LLC raised its position 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 worth $314,000 after acquiring an additional 34,640 shares in the last quarter. Strs Ohio bought a new position in shares of Liberty Latin America in the 1st quarter worth about $34,000. Finally, Geode Capital Management LLC raised its position in shares of Liberty Latin America by 12.2% in 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 owned by institutional investors.

Insiders Place Their Bets

In other Liberty Latin America news, Director John C. Malone acquired 12,406,463 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were purchased 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 owned 21,173,018 shares of the company’s stock, valued at approximately $182,723,145.34. This represents a 141.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Balan Nair acquired 20,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the purchase, the chief executive officer directly owned 3,125,039 shares of the company’s stock, valued at approximately $25,219,064.73. This represents a 0.64% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 6.25% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. 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 company presently has a consensus rating of “Hold” and an average target price of $13.00.

Liberty Latin America Trading Up 3.3%

NASDAQ:LILA opened at $8.16 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of -3.29 and a beta of 0.74. The firm has a fifty day simple moving average of $8.00 and a two-hundred day simple moving average of $7.94. Liberty Latin America Ltd. has a 12 month low of $5.24 and a 12 month high of $9.04.

Liberty Latin America shares are going to split on Wednesday, June 17th. The 11-10 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, June 16th.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%. Analysts expect that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

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.