Net Worth Advisory Group Purchases New Stake in Liberty Latin America Ltd. (NASDAQ:LILAK)

Net Worth Advisory Group acquired a new position in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 17,615 shares of the company’s stock, valued at approximately $112,000.

A number of other large investors also recently added to or reduced their stakes in the business. KBC Group NV boosted its position in shares of 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 during the last quarter. Principal Financial Group Inc. lifted its stake in Liberty Latin America by 8.0% in the fourth quarter. Principal Financial Group Inc. now owns 68,880 shares of the company’s stock valued at $437,000 after buying an additional 5,109 shares during the period. Franklin Resources Inc. boosted its holdings in Liberty Latin America by 10.2% during the third quarter. Franklin Resources Inc. now owns 91,461 shares of the company’s stock worth $868,000 after buying an additional 8,454 shares during the last quarter. Sterneck Capital Management LLC grew its position in shares of Liberty Latin America by 14.8% during the 4th quarter. Sterneck Capital Management LLC now owns 72,408 shares of the company’s stock worth $459,000 after buying an additional 9,361 shares during the period. Finally, Bleakley Financial Group LLC bought a new stake in shares of Liberty Latin America in the 4th quarter valued at about $65,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Brendan J. Paddick bought 31,989 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $6.20 per share, with a total value of $198,331.80. Following the transaction, the director now owns 1,419,507 shares in the company, valued at $8,800,943.40. This represents a 2.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.66% of the company’s stock.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock opened at $6.60 on Wednesday. The stock’s fifty day simple moving average is $6.69 and its 200 day simple moving average is $7.80. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $1.30 billion, a PE ratio of -1.98 and a beta of 1.01. Liberty Latin America Ltd. has a 12 month low of $5.88 and a 12 month high of $10.93.

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

Analysts Set New Price Targets

Separately, The Goldman Sachs Group reduced their price objective on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research note 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.