32,981 Shares in Liberty Latin America Ltd. (NASDAQ:LILAK) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 32,981 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds have also recently modified their holdings of the company. FMR LLC increased its position in shares of Liberty Latin America by 69.2% during the third quarter. FMR LLC now owns 15,600,000 shares of the company’s stock worth $148,044,000 after purchasing an additional 6,379,203 shares in the last quarter. Geode Capital Management LLC boosted its position in Liberty Latin America by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock worth $32,073,000 after purchasing an additional 39,711 shares in the last quarter. State Street Corp raised its position in shares of Liberty Latin America by 0.4% in the third quarter. State Street Corp now owns 3,290,866 shares of the company’s stock worth $31,230,000 after acquiring an additional 11,510 shares during the period. DAVENPORT & Co LLC grew its holdings in Liberty Latin America by 9.5% in the fourth quarter. DAVENPORT & Co LLC now owns 3,067,979 shares of the company’s stock valued at $19,451,000 after purchasing an additional 266,301 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Liberty Latin America by 24.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock worth $29,045,000 after purchasing an additional 600,689 shares in the last quarter. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Liberty Latin America Price Performance

Liberty Latin America stock opened at $6.57 on Thursday. Liberty Latin America Ltd. has a 1 year low of $5.88 and a 1 year high of $10.93. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The company’s 50 day simple moving average is $6.69 and its 200-day simple moving average is $7.78. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -1.97 and a beta of 1.01.

Liberty Latin America (NASDAQ:LILAK) last released its earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($1.05). The business had revenue of $1.15 billion for the quarter, compared to analyst estimates 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 Transactions at Liberty Latin America

In other Liberty Latin America news, Director Brendan J. Paddick bought 31,989 shares of the firm’s stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $6.20 per share, for a total transaction of $198,331.80. Following the completion of the purchase, the director now owns 1,419,507 shares of the company’s stock, valued at approximately $8,800,943.40. This represents a 2.31 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 9.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group dropped their price objective on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, December 4th.

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.