Virtu Financial LLC Sells 866,077 Shares of Liberty Latin America Ltd. $LILA

Virtu Financial LLC decreased its position in Liberty Latin America Ltd. (NASDAQ:LILA) by 61.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 545,753 shares of the company’s stock after selling 866,077 shares during the quarter. Virtu Financial LLC owned about 0.27% of Liberty Latin America worth $4,033,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Strs Ohio bought a new stake in Liberty Latin America in the 1st quarter valued at $34,000. Russell Investments Group Ltd. grew its holdings in Liberty Latin America by 58.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after buying an additional 2,070 shares in the last quarter. Danske Bank A S bought a new position in Liberty Latin America during the 3rd quarter worth $56,000. Quantbot Technologies LP increased its position in Liberty Latin America by 727.1% during the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after buying an additional 6,289 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Latin America by 96.2% during the third quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock worth $69,000 after buying an additional 4,089 shares in the last quarter. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Stock Down 9.4%

Shares of NASDAQ LILA opened at $4.80 on Friday. The stock has a market capitalization of $966.72 million, a P/E ratio of -1.94 and a beta of 0.74. The stock’s fifty day moving average is $7.85 and its 200 day moving average is $7.87. Liberty Latin America Ltd. has a 52 week low of $4.78 and a 52 week high of $9.04. The company has a debt-to-equity ratio of 7.74, a quick ratio of 1.11 and a current ratio of 1.11.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%. Sell-side analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Insider Activity at Liberty Latin America

In other news, Director John C. Malone purchased 12,406,463 shares of Liberty Latin America stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $8.63 per share, for a total transaction of $107,067,775.69. Following the transaction, the director owned 21,173,018 shares of the company’s stock, valued at approximately $182,723,145.34. The trade was a 141.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Balan Nair purchased 20,000 shares of Liberty Latin America stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the transaction, the chief executive officer directly owned 3,125,039 shares in the company, valued at $25,219,064.73. This represents a 0.64% increase in their position. The SEC filing for this purchase provides additional information. 6.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Liberty Latin America currently has an average rating of “Hold” and a consensus price target of $13.00.

Liberty Latin America Company Profile

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.