Liberty Latin America Ltd. (NASDAQ:LILA) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. raised its position in Liberty Latin America Ltd. (NASDAQ:LILA) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,129 shares of the company’s stock after acquiring an additional 1,523 shares during the quarter. Principal Financial Group Inc.’s holdings in Liberty Latin America were worth $213,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of LILA. TFO Wealth Partners LLC boosted its stake in shares of Liberty Latin America by 17,797.6% during the 4th quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock valued at $54,000 after buying an additional 7,297 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Liberty Latin America by 80.8% during the 1st quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock valued at $117,000 after buying an additional 7,494 shares during the last quarter. Searchlight Capital Partners L.P. boosted its stake in shares of Liberty Latin America by 21.6% during the 1st quarter. Searchlight Capital Partners L.P. now owns 42,348 shares of the company’s stock valued at $295,000 after buying an additional 7,531 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of Liberty Latin America by 7.7% during the 1st quarter. Virtu Financial LLC now owns 121,594 shares of the company’s stock valued at $848,000 after buying an additional 8,730 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Liberty Latin America by 8.1% during the 1st quarter. Empowered Funds LLC now owns 167,855 shares of the company’s stock valued at $1,170,000 after buying an additional 12,600 shares during the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

Liberty Latin America Stock Performance

Shares of LILA opened at $9.62 on Monday. The business’s fifty day moving average price is $9.64 and its 200 day moving average price is $8.47. Liberty Latin America Ltd. has a 12-month low of $5.90 and a 12-month high of $10.81. The stock has a market capitalization of $1.89 billion, a PE ratio of -320.56 and a beta of 1.14. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.09 and a quick ratio of 1.09.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter. Liberty Latin America had a negative return on equity of 3.75% and a negative net margin of 1.91%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter last year, the business earned $0.17 earnings per share. Equities research analysts forecast that Liberty Latin America Ltd. will post -0.15 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Scotiabank cut Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. The Goldman Sachs Group cut Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

Insider Buying and Selling

In related news, CAO Brian D. Zook sold 26,197 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total transaction of $250,967.26. Following the transaction, the chief accounting officer now directly owns 28,788 shares in the company, valued at $275,789.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Liberty Latin America news, CAO Brian D. Zook sold 26,197 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total value of $250,967.26. Following the sale, the chief accounting officer now directly owns 28,788 shares in the company, valued at $275,789.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brendan J. Paddick bought 250,000 shares of the business’s stock in a transaction on Friday, June 21st. The stock was bought at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the purchase, the director now directly owns 886,108 shares of the company’s stock, valued at approximately $7,842,055.80. The disclosure for this purchase can be found here. 11.35% of the stock is currently owned by company insiders.

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.