Virtu Financial LLC Increases Stake in Liberty Latin America Ltd. (NASDAQ:LILA)

Virtu Financial LLC increased its position in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 173.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 332,077 shares of the company’s stock after purchasing an additional 210,483 shares during the period. Virtu Financial LLC owned approximately 0.17% of Liberty Latin America worth $3,191,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of LILA. TFO Wealth Partners LLC boosted its position in Liberty Latin America by 17,797.6% during the fourth quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock worth $54,000 after purchasing an additional 7,297 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in Liberty Latin America in the 2nd quarter valued at about $122,000. BNP Paribas Financial Markets grew its stake in Liberty Latin America by 80.8% in the 1st quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock valued at $117,000 after acquiring an additional 7,494 shares during the last quarter. Principal Financial Group Inc. purchased a new position in Liberty Latin America during the 1st quarter valued at about $144,000. Finally, DekaBank Deutsche Girozentrale raised its position in Liberty Latin America by 304.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock worth $149,000 after acquiring an additional 16,215 shares during the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Scotiabank downgraded Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. The Goldman Sachs Group downgraded shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

Liberty Latin America Stock Up 1.4 %

LILA stock opened at $9.75 on Tuesday. Liberty Latin America Ltd. has a one year low of $5.90 and a one year high of $10.81. The stock has a market capitalization of $1.92 billion, a P/E ratio of -325.00 and a beta of 1.14. The company has a 50 day moving average price of $9.66 and a two-hundred day moving average price of $8.51. The company has a debt-to-equity ratio of 3.46, a quick ratio of 1.09 and a current ratio of 1.09.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Liberty Latin America had a negative return on equity of 3.75% and a negative net margin of 1.91%. During the same quarter last year, the company posted $0.17 earnings per share. As a group, sell-side analysts expect that Liberty Latin America Ltd. will post -0.15 EPS for the current year.

Insider Activity

In related news, insider Dustin Henderson sold 5,906 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total transaction of $59,060.00. Following the completion of the sale, the insider now owns 1,600 shares of the company’s stock, valued at approximately $16,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Liberty Latin America news, CAO Brian D. Zook sold 26,197 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total value of $250,967.26. Following the transaction, the chief accounting officer now directly owns 28,788 shares of the company’s stock, valued at $275,789.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dustin Henderson sold 5,906 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $10.00, for a total value of $59,060.00. Following the completion of the sale, the insider now directly owns 1,600 shares of the company’s stock, valued at approximately $16,000. The disclosure for this sale can be found here. Corporate insiders own 11.35% of the company’s stock.

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.