Genesis Investment Management LLP Lowers Stock Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

Genesis Investment Management LLP lowered its stake in Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 76.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 564,420 shares of the company's stock after selling 1,865,731 shares during the quarter. Liberty Latin America comprises approximately 3.9% of Genesis Investment Management LLP's holdings, making the stock its 11th largest holding. Genesis Investment Management LLP owned 0.29% of Liberty Latin America worth $3,578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LILAK. American Century Companies Inc. increased its stake in Liberty Latin America by 11.6% in the second quarter. American Century Companies Inc. now owns 217,427 shares of the company's stock valued at $2,092,000 after purchasing an additional 22,580 shares in the last quarter. XTX Topco Ltd acquired a new stake in Liberty Latin America during the 2nd quarter worth $593,000. Canada Pension Plan Investment Board bought a new position in Liberty Latin America during the second quarter worth about $1,894,000. AQR Capital Management LLC grew its position in shares of Liberty Latin America by 77.9% in the 2nd quarter. AQR Capital Management LLC now owns 243,788 shares of the company's stock valued at $2,345,000 after purchasing an additional 106,721 shares during the period. Finally, Millennium Management LLC lifted its stake in Liberty Latin America by 305.1% in the second quarter. Millennium Management LLC now owns 986,782 shares of the company's stock valued at $9,493,000 after buying an additional 743,197 shares in the last quarter. 52.98% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LILAK has been the subject of a number of research reports. Scotiabank decreased their price objective on Liberty Latin America from $9.40 to $8.30 and set a "sector outperform" rating for the company in a report on Friday, November 8th. The Goldman Sachs Group lowered their price objective on shares of Liberty Latin America from $10.50 to $7.50 and set a "neutral" rating on the stock in a report on Wednesday, December 4th.

Insider Buying and Selling at Liberty Latin America

In related news, Director Brendan J. Paddick purchased 35,475 shares of the firm's stock in a transaction on Tuesday, November 26th. The shares were acquired at an average price of $7.04 per share, for a total transaction of $249,744.00. Following the purchase, the director now directly owns 1,273,443 shares in the company, valued at $8,965,038.72. This trade represents a 2.87 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have acquired 156,298 shares of company stock worth $1,043,886. Insiders own 9.66% of the company's stock.

Liberty Latin America Stock Performance

NASDAQ:LILAK traded up $0.21 on Tuesday, reaching $6.87. 606,165 shares of the company's stock were exchanged, compared to its average volume of 668,472. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of -2.34 and a beta of 1.04. Liberty Latin America Ltd. has a 52 week low of $5.95 and a 52 week high of $10.93. 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 stock has a fifty day simple moving average of $6.64 and a 200-day simple moving average of $8.55.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($2.22) EPS for the quarter. Liberty Latin America had a negative return on equity of 27.22% and a negative net margin of 13.02%. The business had revenue of $1.09 billion for the quarter.

Liberty Latin America 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.