Berkshire Hathaway Inc Trims Holdings in Liberty Latin America Ltd. $LILA

Berkshire Hathaway Inc reduced its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,396,665 shares of the company’s stock after selling 234,127 shares during the quarter. Berkshire Hathaway Inc’s holdings in Liberty Latin America were worth $17,711,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fourth Sail Capital LP boosted its stake in shares of Liberty Latin America by 21.5% during the 4th quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock valued at $6,723,000 after buying an additional 160,981 shares during the last quarter. Oaktree Capital Management LP acquired a new stake in shares of Liberty Latin America during the 3rd quarter valued at approximately $7,017,000. Tudor Investment Corp ET AL raised its position in shares of Liberty Latin America by 72.8% during the 3rd quarter. Tudor Investment Corp ET AL now owns 273,382 shares of the company’s stock valued at $2,266,000 after acquiring an additional 115,148 shares in the last quarter. Portland Investment Counsel Inc. acquired a new stake in shares of Liberty Latin America during the 3rd quarter valued at approximately $589,000. Finally, Handelsbanken Fonder AB raised its position in shares of Liberty Latin America by 27.1% during the 4th quarter. Handelsbanken Fonder AB now owns 34,200 shares of the company’s stock valued at $253,000 after acquiring an additional 7,300 shares in the last quarter. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Liberty Latin America

In related news, CEO Balan Nair bought 20,000 shares of the company’s stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $8.07 per share, with a total value of $161,400.00. Following the completion of the transaction, the chief executive officer directly owned 3,125,039 shares of the company’s stock, valued at approximately $25,219,064.73. This represents a 0.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John C. Malone bought 12,406,463 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the completion of the transaction, the director directly owned 21,173,018 shares of the company’s stock, valued at $182,723,145.34. This trade represents a 141.52% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 6.25% of the company’s stock.

Liberty Latin America Stock Performance

LILA stock opened at $5.30 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74. The firm has a market cap of $1.07 billion, a P/E ratio of -2.14 and a beta of 0.74. Liberty Latin America Ltd. has a 12-month low of $5.20 and a 12-month high of $9.04. The stock’s 50 day simple moving average is $7.92 and its 200 day simple moving average is $7.89.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. As a group, equities research analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.00.

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.