Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in Liberty Latin America Ltd. (NASDAQ:LILA)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 38.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,545 shares of the company’s stock after purchasing an additional 4,322 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Liberty Latin America were worth $114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Barclays PLC grew its stake in shares of Liberty Latin America by 55.9% in the third quarter. Barclays PLC now owns 34,048 shares of the company’s stock valued at $277,000 after buying an additional 12,203 shares in the last quarter. Wittenberg Investment Management Inc. increased its stake in Liberty Latin America by 18.6% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 748,648 shares of the company’s stock worth $6,109,000 after buying an additional 117,300 shares during the period. Teza Capital Management LLC acquired a new position in Liberty Latin America in the 3rd quarter worth $124,000. Gamco Investors INC. ET AL boosted its position in Liberty Latin America by 1.5% in the 3rd quarter. Gamco Investors INC. ET AL now owns 343,950 shares of the company’s stock valued at $2,807,000 after buying an additional 5,248 shares during the last quarter. Finally, 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 acquiring an additional 1,867 shares in the last quarter. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Barclays lowered their price objective on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday.

Liberty Latin America Stock Up 0.7 %

Shares of Liberty Latin America stock opened at $8.67 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 3.29. The business has a 50-day moving average price of $7.13 and a 200 day moving average price of $6.99. Liberty Latin America Ltd. has a fifty-two week low of $5.90 and a fifty-two week high of $9.85. The firm has a market cap of $1.78 billion, a P/E ratio of -33.35 and a beta of 1.12.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.16). The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.12 billion. Liberty Latin America had a negative return on equity of 2.26% and a negative net margin of 1.21%. During the same quarter last year, the business earned ($0.23) earnings per share. On average, sell-side analysts forecast that Liberty Latin America Ltd. will post -0.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder John C. Malone purchased 484,673 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average price of $6.72 per share, with a total value of $3,257,002.56. Following the acquisition, the insider now owns 8,360,255 shares in the company, valued at approximately $56,180,913.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder John C. Malone purchased 484,673 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were bought at an average price of $6.72 per share, for a total transaction of $3,257,002.56. Following the completion of the purchase, the insider now owns 8,360,255 shares of the company’s stock, valued at $56,180,913.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Brian D. Zook sold 27,711 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $6.76, for a total value of $187,326.36. Following the transaction, the chief accounting officer now owns 34,798 shares of the company’s stock, valued at $235,234.48. The disclosure for this sale can be found here. Insiders have acquired a total of 1,220,056 shares of company stock worth $8,247,512 over the last quarter. 11.35% of the stock is owned by company insiders.

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.