Private Management Group Inc. lowered its position in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 15.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 474,645 shares of the company's stock after selling 86,484 shares during the period. Private Management Group Inc. owned about 0.24% of Liberty Latin America worth $3,009,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. KBC Group NV raised its holdings in shares of Liberty Latin America by 62.5% in the 4th quarter. KBC Group NV now owns 11,879 shares of the company's stock worth $75,000 after acquiring an additional 4,571 shares during the last quarter. nVerses Capital LLC purchased a new position in Liberty Latin America during the third quarter valued at approximately $55,000. The Manufacturers Life Insurance Company raised its stake in Liberty Latin America by 9.9% in the second quarter. The Manufacturers Life Insurance Company now owns 71,204 shares of the company's stock valued at $685,000 after purchasing an additional 6,387 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Liberty Latin America by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 91,461 shares of the company's stock worth $868,000 after purchasing an additional 8,454 shares in the last quarter. Finally, Sterneck Capital Management LLC lifted its stake in Liberty Latin America by 14.8% in the fourth quarter. Sterneck Capital Management LLC now owns 72,408 shares of the company's stock worth $459,000 after purchasing an additional 9,361 shares during the last quarter. 52.98% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on LILAK. The Goldman Sachs Group cut their price objective on Liberty Latin America from $10.50 to $7.50 and set a "neutral" rating on the stock in a research report on Wednesday, December 4th. Scotiabank lowered their price objective on Liberty Latin America from $9.40 to $8.30 and set a "sector outperform" rating for the company in a research note on Friday, November 8th.
Check Out Our Latest Analysis on Liberty Latin America
Liberty Latin America Price Performance
NASDAQ:LILAK traded up $0.04 during trading hours on Friday, hitting $6.58. 515,531 shares of the stock traded hands, compared to its average volume of 656,260. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -2.25 and a beta of 1.02. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. The stock has a 50 day moving average price of $6.55 and a 200 day moving average price of $8.23. Liberty Latin America Ltd. has a 1 year low of $5.88 and a 1 year high of $10.93.
Liberty Latin America (NASDAQ:LILAK - Get Free Report) last announced its quarterly 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. Liberty Latin America had a negative return on equity of 27.22% and a negative net margin of 13.02%.
Insider Activity at Liberty Latin America
In other news, Director Brendan J. Paddick acquired 5,053 shares of Liberty Latin America stock in a transaction that occurred on Friday, November 29th. The shares were bought at an average cost of $6.93 per share, with a total value of $35,017.29. Following the transaction, the director now directly owns 1,343,021 shares of the company's stock, valued at $9,307,135.53. This trade represents a 0.38 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have acquired a total of 156,298 shares of company stock valued at $1,043,886 over the last 90 days. 9.66% of the stock is owned by corporate insiders.
Liberty Latin America Profile
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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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