Sanctuary Advisors LLC Buys New Position in Liberty Latin America Ltd. (NASDAQ:LILA)

Sanctuary Advisors LLC purchased a new position in Liberty Latin America Ltd. (NASDAQ:LILA) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 63,319 shares of the company’s stock, valued at approximately $608,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of LILA. Vanguard Group Inc. lifted its stake in Liberty Latin America by 2.0% during the first quarter. Vanguard Group Inc. now owns 1,294,672 shares of the company’s stock valued at $9,024,000 after purchasing an additional 24,840 shares during the last quarter. Wittenberg Investment Management Inc. boosted its stake in shares of Liberty Latin America by 15.8% during the 1st quarter. Wittenberg Investment Management Inc. now owns 922,471 shares of the company’s stock worth $6,430,000 after acquiring an additional 125,639 shares in the last quarter. Genesis Investment Management LLP grew its holdings in shares of Liberty Latin America by 3.3% in the 2nd quarter. Genesis Investment Management LLP now owns 652,316 shares of the company’s stock worth $6,269,000 after acquiring an additional 20,580 shares during the last quarter. Banco Santander S.A. acquired a new stake in shares of Liberty Latin America during the second quarter worth $5,203,000. Finally, Gamco Investors INC. ET AL boosted its position in shares of Liberty Latin America by 21.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 465,241 shares of the company’s stock valued at $3,243,000 after purchasing an additional 81,627 shares during the period. 18.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Liberty Latin America Stock Performance

Shares of LILA stock opened at $9.59 on Tuesday. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -319.67 and a beta of 1.13. Liberty Latin America Ltd. has a 1-year low of $5.90 and a 1-year high of $10.81. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 3.46. The stock’s fifty day simple moving average is $9.51 and its 200-day simple moving average is $8.95.

Liberty Latin America (NASDAQ:LILA) last issued 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 during the quarter, compared to analyst estimates of $1.13 billion. Liberty Latin America had a negative net margin of 1.91% and a negative return on equity of 3.75%. During the same quarter in the prior year, the company earned $0.17 EPS. On average, sell-side analysts predict that Liberty Latin America Ltd. will post -0.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Liberty Latin America news, CAO Brian D. Zook sold 26,197 shares of Liberty Latin America stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total transaction of $250,967.26. Following the completion of the sale, the chief accounting officer now owns 28,788 shares of the company’s stock, valued at $275,789.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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.