Liberty Latin America Ltd. $LILA Stake Reduced by S&CO Inc.

S&CO Inc. decreased its position in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 22.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 758,576 shares of the company’s stock after selling 224,650 shares during the quarter. S&CO Inc.’s holdings in Liberty Latin America were worth $5,605,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of LILA. Strs Ohio acquired a new position in Liberty Latin America during the 1st quarter valued at about $34,000. Russell Investments Group Ltd. raised its position in shares of Liberty Latin America by 58.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after buying an additional 2,070 shares in the last quarter. CWM LLC boosted its stake in Liberty Latin America by 80.7% during the 3rd quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after purchasing an additional 2,897 shares in the last quarter. Danske Bank A S acquired a new position in Liberty Latin America during the third quarter worth about $56,000. Finally, Quantbot Technologies LP raised its holdings in shares of Liberty Latin America by 727.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares in the last quarter. 18.48% of the stock is currently owned by institutional investors.

Insider Activity

In other Liberty Latin America news, CEO Balan Nair acquired 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of $8.07 per share, with a total value of $161,400.00. Following the completion of the transaction, the chief executive officer owned 3,125,039 shares in the company, valued at $25,219,064.73. The trade was a 0.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brian D. Zook sold 94,494 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.04, for a total transaction of $759,731.76. Following the completion of the sale, the chief accounting officer directly owned 6,813 shares of the company’s stock, valued at $54,776.52. This represents a 93.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 6.25% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Liberty Latin America Trading Down 5.0%

Liberty Latin America stock opened at $7.18 on Friday. Liberty Latin America Ltd. has a 12 month low of $4.81 and a 12 month high of $9.04. The company has a quick ratio of 1.14, a current ratio of 1.11 and a debt-to-equity ratio of 7.74. The stock has a market cap of $1.45 billion, a P/E ratio of -2.90 and a beta of 0.75. The company’s fifty day simple moving average is $8.08 and its 200-day simple moving average is $7.96.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. As a group, sell-side analysts forecast that Liberty Latin America Ltd. will post -0.02 EPS for the current fiscal year.

Liberty Latin America Company Profile

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.