Wittenberg Investment Management Inc. Cuts Stake in Liberty Latin America Ltd. (NASDAQ:LILA)

Wittenberg Investment Management Inc. cut its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) by 21.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 624,686 shares of the company's stock after selling 170,050 shares during the period. Liberty Latin America makes up 1.6% of Wittenberg Investment Management Inc.'s holdings, making the stock its 11th biggest holding. Wittenberg Investment Management Inc. owned 0.32% of Liberty Latin America worth $3,973,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC grew its position in Liberty Latin America by 60,327.0% in the 3rd quarter. FMR LLC now owns 2,160,869 shares of the company's stock worth $20,701,000 after purchasing an additional 2,157,293 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Liberty Latin America by 2,129.7% in the fourth quarter. UMB Bank n.a. now owns 169,415 shares of the company's stock valued at $1,077,000 after acquiring an additional 161,817 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Liberty Latin America during the fourth quarter valued at approximately $753,000. Zacks Investment Management bought a new stake in Liberty Latin America during the third quarter worth $648,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Liberty Latin America by 143.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,857 shares of the company's stock worth $890,000 after purchasing an additional 54,787 shares during the last quarter. Institutional investors and hedge funds own 18.48% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $8.00 to $6.50 in a research note on Tuesday, February 25th.

Liberty Latin America Stock Performance

Shares of LILA traded down $0.05 during trading hours on Wednesday, hitting $5.23. The company's stock had a trading volume of 74,688 shares, compared to its average volume of 345,047. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -1.56 and a beta of 0.85. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.04 and a quick ratio of 1.06. The business has a 50 day simple moving average of $6.62 and a two-hundred day simple moving average of $7.40. Liberty Latin America Ltd. has a 52-week low of $5.15 and a 52-week high of $10.82.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. On average, equities analysts expect that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

About Liberty Latin America

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.