Cook & Bynum Capital Management LLC Sells 206,644 Shares of Liberty Latin America Ltd. $LILA

Cook & Bynum Capital Management LLC decreased its position in Liberty Latin America Ltd. (NASDAQ:LILA) by 59.3% during the 4th quarter, Holdings Channel reports. The fund owned 141,721 shares of the company’s stock after selling 206,644 shares during the quarter. Liberty Latin America makes up 0.9% of Cook & Bynum Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Cook & Bynum Capital Management LLC’s holdings in Liberty Latin America were worth $1,047,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LILA. Strs Ohio acquired a new stake in Liberty Latin America in the first quarter valued at approximately $34,000. Russell Investments Group Ltd. raised its holdings in Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after acquiring an additional 2,070 shares in the last quarter. Danske Bank A S acquired a new stake in Liberty Latin America in the third quarter valued at approximately $56,000. Quantbot Technologies LP raised its holdings in Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after acquiring an additional 6,289 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Liberty Latin America by 96.2% in the third quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock valued at $69,000 after acquiring an additional 4,089 shares in the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity at Liberty Latin America

In related news, Director John C. Malone purchased 12,406,463 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were bought at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the completion of the purchase, the director directly owned 21,173,018 shares of the company’s stock, valued at approximately $182,723,145.34. This trade represents a 141.52% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Balan Nair purchased 20,000 shares of the company’s stock in a transaction on Friday, May 8th. The stock was bought at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the purchase, the chief executive officer directly owned 3,125,039 shares of the company’s stock, valued at $25,219,064.73. The trade was a 0.64% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 6.25% of the company’s stock.

Liberty Latin America Stock Down 32.0%

Shares of NASDAQ:LILA opened at $5.30 on Thursday. The firm’s 50 day moving average price is $7.92 and its 200 day moving average price is $7.89. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -2.14 and a beta of 0.74. Liberty Latin America Ltd. has a fifty-two week low of $5.20 and a fifty-two week high of $9.04. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. As a group, equities research analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal 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.