Virtu Financial LLC Boosts Stake in Liberty Latin America Ltd. (NASDAQ:LILAK)

Virtu Financial LLC increased its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 58.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,671 shares of the company’s stock after buying an additional 36,433 shares during the quarter. Virtu Financial LLC’s holdings in Liberty Latin America were worth $626,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. KBC Group NV raised its position in Liberty Latin America by 62.5% during the 4th quarter. KBC Group NV now owns 11,879 shares of the company’s stock worth $75,000 after buying an additional 4,571 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Liberty Latin America by 8.0% in the fourth quarter. Principal Financial Group Inc. now owns 68,880 shares of the company’s stock worth $437,000 after acquiring an additional 5,109 shares during the period. Franklin Resources Inc. raised its holdings in shares of 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 purchasing an additional 8,454 shares during the last quarter. Sterneck Capital Management LLC raised its holdings in shares of Liberty Latin America by 14.8% during the fourth quarter. Sterneck Capital Management LLC now owns 72,408 shares of the company’s stock worth $459,000 after purchasing an additional 9,361 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new position in Liberty Latin America during the fourth quarter valued at $65,000. 52.98% of the stock is owned by institutional investors and hedge funds.

Liberty Latin America Price Performance

Shares of NASDAQ LILAK opened at $6.47 on Wednesday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -1.94 and a beta of 1.01. The firm’s 50 day simple moving average is $6.74 and its 200-day simple moving average is $7.59. 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 the consensus estimate of $0.15 by ($1.05). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut their price target on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th.

Liberty Latin America 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.