Royce & Associates LP Sells 187,820 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Royce & Associates LP lessened its stake in Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 69.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,228 shares of the company's stock after selling 187,820 shares during the period. Royce & Associates LP's holdings in Liberty Latin America were worth $528,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LILAK. Bleakley Financial Group LLC acquired a new stake in Liberty Latin America during the 4th quarter worth about $65,000. Sargent Investment Group LLC acquired a new stake in Liberty Latin America during the fourth quarter worth approximately $69,000. KBC Group NV increased its holdings in Liberty Latin America by 62.5% in the fourth quarter. KBC Group NV now owns 11,879 shares of the company's stock worth $75,000 after purchasing an additional 4,571 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in Liberty Latin America in the fourth quarter valued at approximately $94,000. Finally, Net Worth Advisory Group bought a new position in shares of Liberty Latin America during the 4th quarter worth approximately $112,000. Institutional investors and hedge funds own 52.98% of the company's stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group dropped their target price on shares of 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.

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Liberty Latin America Stock Up 0.8 %

Shares of NASDAQ LILAK traded up $0.05 during midday trading on Wednesday, hitting $6.52. 524,165 shares of the stock traded hands, compared to its average volume of 893,098. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. Liberty Latin America Ltd. has a one year low of $5.88 and a one year high of $10.93. The business has a 50 day moving average price of $6.74 and a two-hundred day moving average price of $7.59. The company has a market cap of $1.28 billion, a PE ratio of -1.95 and a beta of 1.01.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($1.05). Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion.

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.