141,721 Shares in Liberty Latin America Ltd. $LILA Acquired by Cook & Bynum Capital Management LLC

Cook & Bynum Capital Management LLC purchased a new position in shares of Liberty Latin America Ltd. (NASDAQ:LILA) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 141,721 shares of the company’s stock, valued at approximately $1,111,093,000. Liberty Latin America makes up 0.8% of Cook & Bynum Capital Management LLC’s portfolio, making the stock its 6th biggest holding.

Several other large investors have also modified their holdings of the company. Rubric Capital Management LP grew its position in shares of Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after acquiring an additional 1,806,935 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Liberty Latin America by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,445,768 shares of the company’s stock worth $18,074,000 after purchasing an additional 78,234 shares during the period. Virtu Financial LLC boosted its stake in Liberty Latin America by 52.2% during the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock worth $11,704,000 after purchasing an additional 484,016 shares during the period. Goldman Sachs Group Inc. grew its position in Liberty Latin America by 318.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock worth $6,948,000 after purchasing an additional 715,641 shares during the last quarter. Finally, Fourth Sail Capital LP increased its stake in Liberty Latin America by 21.5% in the fourth quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock valued at $6,723,000 after purchasing an additional 160,981 shares during the period. 18.48% of the stock is owned by institutional investors and hedge funds.

Liberty Latin America Stock Up 2.7%

Shares of NASDAQ:LILA opened at $8.65 on Wednesday. Liberty Latin America Ltd. has a fifty-two week low of $4.77 and a fifty-two week high of $9.04. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 8.08. The firm’s 50-day simple moving average is $7.64 and its 200-day simple moving average is $7.86. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -17.65 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%.The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. As a group, equities research analysts predict that Liberty Latin America Ltd. will post -0.47 earnings per share for the current year.

Insider Activity

In other Liberty Latin America news, Director Charles H. R. Bracken purchased 17,425 shares of Liberty Latin America stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average cost of $20.93 per share, with a total value of $364,705.25. Following the acquisition, the director directly owned 41,192 shares of the company’s stock, valued at $862,148.56. This represents a 73.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John M. Winter acquired 5,071 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average cost of $19.67 per share, for a total transaction of $99,746.57. Following the acquisition, the senior vice president directly owned 64,547 shares of the company’s stock, valued at $1,269,639.49. This trade represents a 8.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 2,685,679 shares of company stock valued at $17,777,706 in the last three months. 6.25% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. Morgan Stanley cut Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective for the company. in a research report on Thursday, August 20th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, Liberty Latin America currently has an average rating of “Reduce” and an average target price of $10.00.

Liberty Latin America 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.