Genesis Investment Management LLP Sells 316,200 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Genesis Investment Management LLP cut its position in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 32.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 643,436 shares of the company’s stock after selling 316,200 shares during the period. Liberty Latin America comprises 0.9% of Genesis Investment Management LLP’s portfolio, making the stock its 13th biggest position. Genesis Investment Management LLP owned 0.31% of Liberty Latin America worth $4,704,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LILA. Franklin Resources Inc. purchased a new position in shares of Liberty Latin America in the 1st quarter valued at $25,000. Tower Research Capital LLC TRC increased its holdings in shares of Liberty Latin America by 62.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,769 shares of the company’s stock valued at $33,000 after acquiring an additional 1,451 shares during the period. Royal Bank of Canada increased its holdings in shares of Liberty Latin America by 62.3% in the 2nd quarter. Royal Bank of Canada now owns 4,192 shares of the company’s stock valued at $36,000 after acquiring an additional 1,609 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Liberty Latin America in the 4th quarter valued at $38,000. Finally, Ensign Peak Advisors Inc acquired a new stake in Liberty Latin America in the third quarter worth about $46,000. 18.48% of the stock is owned by institutional investors.

Liberty Latin America Stock Up 1.0 %

NASDAQ LILA traded up $0.07 during trading on Wednesday, hitting $7.33. The company’s stock had a trading volume of 92,043 shares, compared to its average volume of 450,065. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $1.50 billion, a PE ratio of -27.92 and a beta of 1.18. The business’s 50 day simple moving average is $6.70 and its 200-day simple moving average is $6.96. Liberty Latin America Ltd. has a fifty-two week low of $5.90 and a fifty-two week high of $9.85.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Thursday, February 22nd. The company reported ($0.49) earnings per share for the quarter. Liberty Latin America had a negative return on equity of 2.26% and a negative net margin of 1.21%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. On average, equities analysts anticipate that Liberty Latin America Ltd. will post -0.64 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Latin America

In related news, major shareholder John C. Malone purchased 35,780 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was bought at an average cost of $6.43 per share, with a total value of $230,065.40. Following the completion of the acquisition, the insider now owns 7,402,498 shares of the company’s stock, valued at approximately $47,598,062.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Liberty Latin America news, major shareholder John C. Malone acquired 35,780 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was acquired at an average cost of $6.43 per share, for a total transaction of $230,065.40. Following the completion of the transaction, the insider now directly owns 7,402,498 shares of the company’s stock, valued at $47,598,062.14. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder John C. Malone acquired 106,900 shares of the business’s stock in a transaction dated Thursday, March 28th. The stock was acquired at an average price of $6.99 per share, with a total value of $747,231.00. Following the completion of the transaction, the insider now directly owns 8,827,614 shares of the company’s stock, valued at $61,705,021.86. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 1,220,056 shares of company stock valued at $8,247,512. 11.35% of the stock is owned by company insiders.

Liberty Latin America Company 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.