Genesis Investment Management LLP Sells 466,954 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Genesis Investment Management LLP lowered its position in Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) by 76.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 142,048 shares of the company's stock after selling 466,954 shares during the period. Liberty Latin America accounts for approximately 1.0% of Genesis Investment Management LLP's portfolio, making the stock its 14th largest position. Genesis Investment Management LLP owned 0.07% of Liberty Latin America worth $903,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LILA. Intech Investment Management LLC bought a new position in shares of Liberty Latin America in the 3rd quarter worth $104,000. SG Americas Securities LLC bought a new stake in Liberty Latin America in the third quarter worth $120,000. Wilmington Savings Fund Society FSB purchased a new stake in Liberty Latin America during the third quarter valued at about $163,000. XTX Topco Ltd grew its stake in shares of Liberty Latin America by 78.2% during the second quarter. XTX Topco Ltd now owns 20,614 shares of the company's stock valued at $198,000 after buying an additional 9,045 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Liberty Latin America by 48.6% in the third quarter. BNP Paribas Financial Markets now owns 21,399 shares of the company's stock worth $205,000 after buying an additional 6,999 shares during the period. 18.48% of the stock is owned by institutional investors and hedge funds.

Liberty Latin America Trading Up 3.6 %

LILA traded up $0.24 during trading on Tuesday, hitting $6.94. 406,921 shares of the stock traded hands, compared to its average volume of 309,718. The firm has a market capitalization of $1.37 billion, a P/E ratio of -2.37 and a beta of 1.04. Liberty Latin America Ltd. has a 12-month low of $5.90 and a 12-month high of $10.81. The firm has a 50-day moving average of $6.68 and a 200 day moving average of $8.58. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported ($2.22) EPS for the quarter. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.11 billion. Liberty Latin America had a negative return on equity of 27.22% and a negative net margin of 13.02%. During the same period last year, the firm posted $0.29 earnings per share. Equities research analysts anticipate that Liberty Latin America Ltd. will post -2.43 EPS for the current year.

Insiders Place Their Bets

In other news, Director Brendan J. Paddick bought 18,011 shares of the stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $6.12 per share, with a total value of $110,227.32. Following the completion of the acquisition, the director now owns 1,437,518 shares in the company, valued at $8,797,610.16. The trade was a 1.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders acquired 156,298 shares of company stock valued at $1,043,886. Corporate insiders own 11.35% of the company's stock.

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.