Renaissance Technologies LLC Acquires 185,300 Shares of Liberty Latin America Ltd. $LILA

Renaissance Technologies LLC boosted its holdings in Liberty Latin America Ltd. (NASDAQ:LILA) by 27.3% during the first quarter, Holdings Channel.com reports. The firm owned 864,559 shares of the company’s stock after acquiring an additional 185,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Liberty Latin America were worth $7,470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Strs Ohio purchased a new position in shares of Liberty Latin America during the first quarter valued at approximately $34,000. Russell Investments Group Ltd. grew its stake in shares of Liberty Latin America by 58.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after buying an additional 2,070 shares during the last quarter. Danske Bank A S purchased a new stake in shares of Liberty Latin America in the 3rd quarter worth approximately $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 valued at $59,000 after buying an additional 6,289 shares in the last quarter. Finally, State of Wyoming bought a new position in Liberty Latin America during the 1st quarter valued at approximately $77,000. Institutional investors own 18.48% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on LILA. Morgan Stanley set a $7.00 target price on Liberty Latin America in a report on Friday, June 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $10.00.

Insider Transactions at Liberty Latin America

In other Liberty Latin America news, Director Brendan J. Paddick acquired 100,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were bought at an average price of $4.88 per share, with a total value of $488,000.00. Following the completion of the acquisition, the director owned 1,559,542 shares in the company, valued at $7,610,564.96. This represents a 6.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Balan Nair bought 164,914 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were acquired at an average price of $6.07 per share, with a total value of $1,001,027.98. Following the completion of the transaction, the chief executive officer directly owned 3,276,798 shares of the company’s stock, valued at $19,890,163.86. This trade represents a 5.30% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders acquired 14,820,228 shares of company stock valued at $121,249,631. Company insiders own 6.25% of the company’s stock.

Liberty Latin America Trading Up 3.2%

Shares of NASDAQ:LILA opened at $8.41 on Tuesday. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.11. Liberty Latin America Ltd. has a 1 year low of $4.77 and a 1 year high of $9.04. The company has a market cap of $1.69 billion, a P/E ratio of -3.39 and a beta of 0.74. The stock’s fifty day moving average price is $7.43 and its 200-day moving average price is $7.76.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). The business had revenue of $1.08 billion during 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 expect that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

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.