Liberty Latin America Ltd. (NASDAQ:LILAK) Shares Sold by Searchlight Capital Partners L.P.

Searchlight Capital Partners L.P. trimmed its position in Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 13.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,309,967 shares of the company's stock after selling 1,977,970 shares during the quarter. Liberty Latin America accounts for approximately 38.8% of Searchlight Capital Partners L.P.'s portfolio, making the stock its 2nd largest holding. Searchlight Capital Partners L.P. owned about 6.24% of Liberty Latin America worth $118,422,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LILAK. DAVENPORT & Co LLC boosted its position in shares of Liberty Latin America by 8.9% in the first quarter. DAVENPORT & Co LLC now owns 3,559,940 shares of the company's stock worth $24,884,000 after buying an additional 291,155 shares during the period. Vanguard Group Inc. boosted its holdings in Liberty Latin America by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company's stock worth $22,867,000 after acquiring an additional 197,988 shares during the period. Genesis Investment Management LLP grew its position in Liberty Latin America by 39.4% in the second quarter. Genesis Investment Management LLP now owns 2,609,237 shares of the company's stock valued at $25,101,000 after acquiring an additional 737,883 shares in the last quarter. Banco Santander S.A. purchased a new stake in shares of Liberty Latin America during the second quarter valued at approximately $13,188,000. Finally, Norges Bank acquired a new position in shares of Liberty Latin America during the fourth quarter worth $8,712,000. 52.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LILAK has been the topic of a number of analyst reports. StockNews.com lowered Liberty Latin America from a "buy" rating to a "hold" rating in a research report on Thursday, August 15th. The Goldman Sachs Group restated a "neutral" rating and set a $10.50 price objective (up from $9.30) on shares of Liberty Latin America in a report on Wednesday, September 4th. Finally, Pivotal Research cut their target price on Liberty Latin America from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Monday, August 12th.

Insider Activity at Liberty Latin America

In other Liberty Latin America news, insider Dustin Henderson sold 5,906 shares of the business's stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total transaction of $59,060.00. Following the sale, the insider now directly owns 1,600 shares in the company, valued at approximately $16,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Dustin Henderson sold 5,906 shares of Liberty Latin America stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $10.00, for a total transaction of $59,060.00. Following the transaction, the insider now directly owns 1,600 shares in the company, valued at approximately $16,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Brian D. Zook sold 26,197 shares of the company's stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total value of $250,967.26. Following the completion of the sale, the chief accounting officer now owns 28,788 shares of the company's stock, valued at approximately $275,789.04. The disclosure for this sale can be found here. Company insiders own 9.66% of the company's stock.

Liberty Latin America Price Performance

NASDAQ:LILAK opened at $9.61 on Friday. The firm has a market capitalization of $1.90 billion, a P/E ratio of -320.33 and a beta of 1.14. The business has a 50 day simple moving average of $9.65 and a 200 day simple moving average of $8.68. Liberty Latin America Ltd. has a 12-month low of $5.95 and a 12-month high of $10.93.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.14). The business had revenue of $1.12 billion for the quarter.

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.

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