Proficio Capital Partners LLC Invests $209,000 in Liberty Latin America Ltd. (NASDAQ:LILAK)

Proficio Capital Partners LLC acquired a new stake in Liberty Latin America Ltd. (NASDAQ:LILAK) in the fourth quarter, Holdings Channel.com reports. The fund acquired 32,981 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC acquired a new position in Liberty Latin America during the 3rd quarter worth approximately $250,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 acquiring an additional 600,689 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Liberty Latin America during the 3rd quarter worth $209,000. FMR LLC increased its holdings in shares of Liberty Latin America by 69.2% in the third quarter. FMR LLC now owns 15,600,000 shares of the company’s stock valued at $148,044,000 after purchasing an additional 6,379,203 shares during the period. Finally, Verition Fund Management LLC acquired a new stake in shares of Liberty Latin America in the 3rd quarter worth $187,000. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Analysts Set New Price Targets

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

Liberty Latin America Stock Up 2.9 %

LILAK stock opened at $6.71 on Friday. 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 company’s 50 day simple moving average is $6.74 and its 200-day simple moving average is $7.58. Liberty Latin America Ltd. has a 12 month low of $5.88 and a 12 month high of $10.93. The firm has a market capitalization of $1.32 billion, a PE ratio of -2.01 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) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion.

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.