Principal Financial Group Inc. Has $437,000 Stake in Liberty Latin America Ltd. (NASDAQ:LILAK)

Principal Financial Group Inc. lifted its position in Liberty Latin America Ltd. (NASDAQ:LILAK) by 8.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,880 shares of the company’s stock after acquiring an additional 5,109 shares during the quarter. Principal Financial Group Inc.’s holdings in Liberty Latin America were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LILAK. Bleakley Financial Group LLC bought a new position in shares of Liberty Latin America in the fourth quarter worth $65,000. Sargent Investment Group LLC bought a new stake in Liberty Latin America during the 4th quarter worth approximately $69,000. KBC Group NV lifted its stake in Liberty Latin America by 62.5% in the 4th quarter. KBC Group NV now owns 11,879 shares of the company’s stock worth $75,000 after purchasing an additional 4,571 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new position in Liberty Latin America in the 4th quarter valued at $94,000. Finally, Quantinno Capital Management LP purchased a new position in shares of Liberty Latin America during the 3rd quarter valued at $125,000. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Liberty Latin America Stock Performance

Shares of NASDAQ LILAK opened at $6.84 on Friday. The stock’s 50-day moving average is $6.66 and its 200 day moving average is $7.87. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of -2.05 and a beta of 1.02. Liberty Latin America Ltd. has a 1-year low of $5.88 and a 1-year high of $10.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31.

Liberty Latin America (NASDAQ:LILAK) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.15 by ($1.05). The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%.

Insider Activity at Liberty Latin America

In related news, Director Brendan J. Paddick acquired 31,989 shares of the stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $6.20 per share, for a total transaction of $198,331.80. Following the completion of the transaction, the director now owns 1,419,507 shares of the company’s stock, valued at $8,800,943.40. This trade represents a 2.31 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.66% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LILAK shares. Scotiabank lowered their price objective on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group lowered their price target on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, December 4th.

Liberty Latin America Company 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.