KLP Kapitalforvaltning AS Makes New Investment in Liberty Latin America Ltd. (NASDAQ:LILAK)

KLP Kapitalforvaltning AS acquired a new stake in Liberty Latin America Ltd. (NASDAQ:LILAK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,885 shares of the company’s stock, valued at approximately $183,000.

Other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Liberty Latin America by 28.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,929,978 shares of the company’s stock valued at $24,916,000 after acquiring an additional 869,420 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Liberty Latin America in the fourth quarter valued at approximately $3,177,000. DAVENPORT & Co LLC lifted its stake in shares of Liberty Latin America by 9.5% during the 4th quarter. DAVENPORT & Co LLC now owns 3,067,979 shares of the company’s stock worth $19,451,000 after purchasing an additional 266,301 shares during the period. UMB Bank n.a. grew its holdings in Liberty Latin America by 970.4% in the 4th quarter. UMB Bank n.a. now owns 282,937 shares of the company’s stock valued at $1,794,000 after buying an additional 256,504 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Liberty Latin America during the third quarter worth approximately $801,000. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Price Performance

LILAK stock opened at $5.22 on Wednesday. The stock has a 50-day moving average price of $6.57 and a two-hundred day moving average price of $7.34. The company has a market cap of $1.03 billion, a PE ratio of -1.56 and a beta of 0.83. Liberty Latin America Ltd. has a 12-month low of $5.14 and a 12-month high of $10.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31.

Liberty Latin America (NASDAQ:LILAK) last issued 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 return on equity of 31.59% and a negative net margin of 14.74%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations 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.