Truist Financial Corp Takes $373,000 Position in Liberty Latin America Ltd. (NASDAQ:LILA)

Truist Financial Corp bought a new stake in Liberty Latin America Ltd. (NASDAQ:LILA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 38,813 shares of the company’s stock, valued at approximately $373,000.

Other large investors have also added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its holdings in Liberty Latin America by 21.3% during 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 in the last quarter. Banco Santander S.A. acquired a new position in Liberty Latin America during the 2nd quarter worth $5,203,000. State of New Jersey Common Pension Fund D acquired a new position in Liberty Latin America during the 2nd quarter worth $2,073,000. BNP Paribas Financial Markets grew its holdings in Liberty Latin America by 80.8% during the 1st quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock worth $117,000 after acquiring an additional 7,494 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in Liberty Latin America by 304.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock worth $149,000 after acquiring an additional 16,215 shares in the last quarter. 18.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LILA has been the subject of several recent analyst reports. 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. Scotiabank lowered shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th.

Insider Activity at Liberty Latin America

In related news, CAO Brian D. Zook sold 26,197 shares of Liberty Latin America stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total value of $250,967.26. Following the sale, the chief accounting officer now directly owns 28,788 shares in the company, valued at $275,789.04. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.35% of the stock is currently owned by insiders.

Liberty Latin America Trading Down 0.3 %

Liberty Latin America stock opened at $10.06 on Friday. The firm’s 50-day moving average is $9.52 and its 200-day moving average is $8.98. 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 Ltd. has a 1 year low of $5.90 and a 1 year high of $10.81. The company has a market cap of $1.98 billion, a P/E ratio of -335.33 and a beta of 1.13.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter. Liberty Latin America had a negative return on equity of 3.75% and a negative net margin of 1.91%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the business posted $0.17 earnings per share. On average, equities analysts expect that Liberty Latin America Ltd. will post -0.15 earnings per share for the current year.

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.