Private Management Group Inc. lowered its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 85.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 561,129 shares of the company's stock after selling 3,379,636 shares during the period. Private Management Group Inc. owned 0.28% of Liberty Latin America worth $5,325,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Sequoia Financial Advisors LLC acquired a new position in shares of Liberty Latin America in the 3rd quarter valued at $267,000. nVerses Capital LLC acquired a new position in shares of Liberty Latin America in the 3rd quarter valued at $55,000. Truist Financial Corp acquired a new position in Liberty Latin America during the 2nd quarter worth about $481,000. Algert Global LLC acquired a new position in Liberty Latin America during the 2nd quarter worth about $126,000. Finally, The Manufacturers Life Insurance Company lifted its stake in Liberty Latin America by 9.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 71,204 shares of the company's stock worth $685,000 after acquiring an additional 6,387 shares in the last quarter. Institutional investors and hedge funds own 52.98% of the company's stock.
Liberty Latin America Stock Up 1.0 %
NASDAQ:LILAK traded up $0.10 during mid-day trading on Friday, reaching $9.78. 486,828 shares of the stock were exchanged, compared to its average volume of 468,019. The company has a 50 day simple moving average of $9.54 and a 200-day simple moving average of $9.18. The stock has a market capitalization of $1.92 billion, a P/E ratio of -23.29 and a beta of 1.12. Liberty Latin America Ltd. has a 1 year low of $5.95 and a 1 year high of $10.93.
Liberty Latin America (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.14). The business had revenue of $1.12 billion during the quarter.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the company. StockNews.com lowered Liberty Latin America from a "buy" rating to a "hold" rating in a research note on Thursday, August 15th. Pivotal Research cut their price target on Liberty Latin America from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $10.50 price target (up previously from $9.30) on shares of Liberty Latin America in a report on Wednesday, September 4th.
Get Our Latest Stock Analysis on Liberty Latin America
Insider Activity
In other news, CAO Brian D. Zook sold 26,197 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The stock was 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 directly owns 28,788 shares of the company's stock, valued at $275,789.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.66% of the company's stock.
About Liberty Latin America
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Free Report)
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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