Mariner LLC Acquires Shares of 29,014 Liberty Latin America Ltd. (NASDAQ:LILA)

Mariner LLC bought a new position in Liberty Latin America Ltd. (NASDAQ:LILA) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 29,014 shares of the company’s stock, valued at approximately $185,000.

Several other hedge funds have also recently made changes to their positions in the business. Barclays PLC lifted its stake in shares of Liberty Latin America by 4.3% in the 4th quarter. Barclays PLC now owns 73,416 shares of the company’s stock valued at $467,000 after purchasing an additional 2,997 shares during the last quarter. Renaissance Technologies LLC lifted its position in Liberty Latin America by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 418,700 shares of the company’s stock worth $2,663,000 after buying an additional 5,500 shares during the last quarter. Geode Capital Management LLC boosted its stake in Liberty Latin America by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 517,206 shares of the company’s stock worth $3,290,000 after buying an additional 6,509 shares during the period. EntryPoint Capital LLC bought a new position in Liberty Latin America during the fourth quarter valued at $69,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Liberty Latin America in the fourth quarter valued at $37,000. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Price Performance

LILA opened at $5.50 on Thursday. The business has a fifty day moving average of $5.99 and a 200 day moving average of $6.78. The stock has a market cap of $1.08 billion, a P/E ratio of -1.65 and a beta of 0.94. The company has a quick ratio of 1.06, a current ratio of 1.04 and a debt-to-equity ratio of 4.68. Liberty Latin America Ltd. has a 52-week low of $5.12 and a 52-week high of $10.82.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.62). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. As a group, sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barclays cut shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $8.00 to $6.50 in a research note on Tuesday, February 25th.

Liberty Latin America 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.