Hsbc Holdings PLC Raises Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)
Hsbc Holdings PLC significantly increased its stake in Liberty Latin America Ltd. (NASDAQ:LILAK) by 4,054.1% in Q4, owning 809,417 shares valued at $5.1 million. Other institutional investors also raised their positions. Liberty Latin America's stock opened at $5.60, with a market cap of $1.1 billion and a P/E ratio of -1.68. The company reported a loss of $0.90 EPS in its last earnings announcement, missing estimates. Liberty Latin America provides telecommunications services across various segments in the Caribbean and Latin America.
Hsbc Holdings PLC grew its position in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 4,054.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 809,417 shares of the company's stock after purchasing an additional 789,932 shares during the period. Hsbc Holdings PLC owned approximately 0.41% of Liberty Latin America worth $5,087,000 at the end of the most recent reporting period.
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Other institutional investors have also recently made changes to their positions in the company. Quaker Capital Investments LLC lifted its holdings in shares of Liberty Latin America by 1.2% in the 4th quarter. Quaker Capital Investments LLC now owns 4,689,398 shares of the company's stock valued at $29,731,000 after acquiring an additional 53,341 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Liberty Latin America by 28.4% in 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 last quarter. DAVENPORT & Co LLC lifted its holdings in shares of Liberty Latin America by 9.5% in the 4th quarter. DAVENPORT & Co LLC now owns 3,067,979 shares of the company's stock valued at $19,451,000 after acquiring an additional 266,301 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Liberty Latin America by 5.1% in the 4th quarter. Empowered Funds LLC now owns 936,783 shares of the company's stock valued at $5,939,000 after acquiring an additional 45,635 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Liberty Latin America by 3.5% in the 4th quarter. Nordea Investment Management AB now owns 858,471 shares of the company's stock valued at $5,387,000 after acquiring an additional 29,223 shares during the last quarter. Hedge funds and other institutional investors own 52.98% of the company's stock.
Liberty Latin America Stock Up 0.4 %
Shares of NASDAQ LILAK opened at $5.60 on Tuesday. 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 has a market cap of $1.10 billion, a P/E ratio of -1.68 and a beta of 0.83. Liberty Latin America Ltd. has a 1 year low of $5.10 and a 1 year high of $10.93. The firm has a 50-day simple moving average of $6.15 and a two-hundred day simple moving average of $6.90.
Liberty Latin America (NASDAQ:LILAK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($1.05). The firm had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%.
About Liberty Latin America
(Free Report)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.
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