Edgestream Partners L.P. Invests $3.18 Million in Liberty Latin America Ltd. (NASDAQ:LILAK)

Edgestream Partners L.P. purchased a new stake in Liberty Latin America Ltd. (NASDAQ:LILAK) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 501,088 shares of the company’s stock, valued at approximately $3,177,000.

Several other hedge funds also recently added to or reduced their stakes in LILAK. Empowered Funds LLC grew its position in shares of Liberty Latin America by 5.4% during the third quarter. Empowered Funds LLC now owns 891,148 shares of the company’s stock worth $8,457,000 after acquiring an additional 45,426 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in Liberty Latin America during the third quarter worth $1,041,000. Intech Investment Management LLC purchased a new stake in Liberty Latin America during the third quarter worth $250,000. Charles Schwab Investment Management Inc. grew its holdings in Liberty Latin America by 24.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock valued at $29,045,000 after purchasing an additional 600,689 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Liberty Latin America in the third quarter valued at $209,000. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered 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.

Insider Activity

In other Liberty Latin America news, Director Brendan J. Paddick bought 31,989 shares of Liberty Latin America stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $6.20 per share, for a total transaction of $198,331.80. Following the purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 9.66% of the company’s stock.

Liberty Latin America Stock Up 0.1 %

NASDAQ LILAK opened at $6.85 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. Liberty Latin America Ltd. has a fifty-two week low of $5.88 and a fifty-two week high of $10.93. The business has a 50 day moving average price of $6.68 and a two-hundred day moving average price of $7.83. The stock has a market cap of $1.35 billion, a PE ratio of -2.05 and a beta of 1.01.

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

About Liberty Latin America

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.