Liberty Latin America Ltd. $LILA Shares Sold by S&CO Inc.

S&CO Inc. trimmed its holdings in Liberty Latin America Ltd. (NASDAQ:LILA) by 22.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 758,576 shares of the company’s stock after selling 224,650 shares during the period. S&CO Inc. owned 0.38% of Liberty Latin America worth $5,605,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. increased its stake in shares of Liberty Latin America by 58.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after purchasing an additional 2,070 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Liberty Latin America by 1.6% during the third quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock valued at $1,218,000 after acquiring an additional 2,314 shares during the last quarter. CWM LLC increased its position in Liberty Latin America by 80.7% during the 3rd quarter. CWM LLC now owns 6,487 shares of the company’s stock worth $54,000 after purchasing an additional 2,897 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Liberty Latin America by 96.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock valued at $69,000 after purchasing an additional 4,089 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Liberty Latin America during the 1st quarter worth about $34,000. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Liberty Latin America currently has a consensus rating of “Hold” and an average price target of $13.00.

Insider Buying and Selling at Liberty Latin America

In other news, CAO Brian D. Zook sold 94,494 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.04, for a total transaction of $759,731.76. Following the completion of the transaction, the chief accounting officer directly owned 6,813 shares in the company, valued at approximately $54,776.52. This represents a 93.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Balan Nair bought 20,000 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was bought at an average cost of $8.07 per share, with a total value of $161,400.00. Following the transaction, the chief executive officer directly owned 3,125,039 shares in the company, valued at approximately $25,219,064.73. The trade was a 0.64% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 6.25% of the company’s stock.

Liberty Latin America Trading Down 5.0%

NASDAQ LILA opened at $7.18 on Friday. The company has a debt-to-equity ratio of 7.74, a quick ratio of 1.14 and a current ratio of 1.11. Liberty Latin America Ltd. has a one year low of $4.81 and a one year high of $9.04. The company’s 50 day moving average price is $8.08 and its 200 day moving average price is $7.96. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of -2.90 and a beta of 0.75.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. On average, sell-side analysts predict that Liberty Latin America Ltd. will post -0.02 EPS for the current year.

Liberty Latin America Profile

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.