State of New Jersey Common Pension Fund D Invests $2.07 Million in Liberty Latin America Ltd. (NASDAQ:LILA)

State of New Jersey Common Pension Fund D acquired a new position in Liberty Latin America Ltd. (NASDAQ:LILA) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 215,760 shares of the company’s stock, valued at approximately $2,073,000. State of New Jersey Common Pension Fund D owned approximately 0.11% of Liberty Latin America at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. TFO Wealth Partners LLC grew its stake in shares of Liberty Latin America by 17,797.6% in the 4th quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock valued at $54,000 after buying an additional 7,297 shares during the period. BNP Paribas Financial Markets grew its stake in shares of 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 buying an additional 7,494 shares during the period. Ground Swell Capital LLC acquired a new stake in shares of Liberty Latin America in the 2nd quarter valued at about $122,000. Principal Financial Group Inc. acquired a new stake in shares of Liberty Latin America in the 1st quarter valued at about $144,000. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Liberty Latin America by 304.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock valued at $149,000 after buying an additional 16,215 shares during the period. 18.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Liberty Latin America

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

Liberty Latin America Price Performance

LILA stock opened at $9.57 on Friday. The company has a market capitalization of $1.89 billion, a P/E ratio of -319.00 and a beta of 1.14. 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 52-week low of $5.90 and a 52-week high of $10.81. The business has a 50-day simple moving average of $9.66 and a two-hundred day simple moving average of $8.57.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter. The company had revenue of $1.12 billion for 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 last year, the firm posted $0.17 EPS. Research analysts expect that Liberty Latin America Ltd. will post -0.15 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LILA has been the subject of several research reports. The Goldman Sachs Group downgraded Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Scotiabank downgraded Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th.

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.