Liberty Latin America Ltd. (NASDAQ:LILA) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp lowered its position in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 10.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 108,599 shares of the company’s stock after selling 12,263 shares during the quarter. Mackenzie Financial Corp owned about 0.06% of Liberty Latin America worth $687,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new position in shares of Liberty Latin America in the 4th quarter valued at about $2,526,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Liberty Latin America by 132.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 221,468 shares of the company’s stock valued at $1,409,000 after buying an additional 126,383 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Liberty Latin America in the 4th quarter valued at about $625,000. UMB Bank n.a. lifted its holdings in shares of Liberty Latin America by 37.5% in the 1st quarter. UMB Bank n.a. now owns 232,901 shares of the company’s stock valued at $1,474,000 after buying an additional 63,486 shares during the period. Finally, Bank of America Corp DE lifted its holdings in shares of Liberty Latin America by 38.3% in the 4th quarter. Bank of America Corp DE now owns 186,493 shares of the company’s stock valued at $1,186,000 after buying an additional 51,664 shares during the period. Institutional investors and hedge funds own 18.48% of the company’s stock.

Liberty Latin America Stock Performance

Shares of LILA stock opened at $7.17 on Thursday. The stock has a market cap of $1.43 billion, a PE ratio of -1.78 and a beta of 0.98. The business has a 50-day simple moving average of $6.05 and a 200-day simple moving average of $6.07. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 5.00. Liberty Latin America Ltd. has a 52-week low of $4.25 and a 52-week high of $10.79.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.62). Liberty Latin America had a negative net margin of 17.85% and a negative return on equity of 44.60%. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.10 billion. On average, equities analysts expect that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Insider Activity

In other Liberty Latin America news, CFO Christopher J. Noyes purchased 8,000 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $4.53 per share, for a total transaction of $36,240.00. Following the purchase, the chief financial officer directly owned 231,621 shares in the company, valued at approximately $1,049,243.13. This trade represents a 3.58% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Balan Nair purchased 22,779 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $4.39 per share, with a total value of $99,999.81. Following the purchase, the chief executive officer owned 1,651,001 shares in the company, valued at $7,247,894.39. This represents a 1.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. 11.96% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Benchmark raised Liberty Latin America to a “strong-buy” rating in a report on Monday, June 2nd.

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.