Genesis Investment Management LLP Reduces Stock Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

Genesis Investment Management LLP trimmed its holdings in Liberty Latin America Ltd. (NASDAQ:LILAK) by 76.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 564,420 shares of the company’s stock after selling 1,865,731 shares during the period. Liberty Latin America accounts for about 3.9% of Genesis Investment Management LLP’s investment portfolio, making the stock its 11th largest position. Genesis Investment Management LLP’s holdings in Liberty Latin America were worth $3,578,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB purchased a new position in Liberty Latin America during the fourth quarter worth $94,000. UMB Bank n.a. increased its position in Liberty Latin America by 970.4% during the 4th quarter. UMB Bank n.a. now owns 282,937 shares of the company’s stock worth $1,794,000 after purchasing an additional 256,504 shares in the last quarter. Sterneck Capital Management LLC raised its stake in Liberty Latin America by 14.8% in the 4th quarter. Sterneck Capital Management LLC now owns 72,408 shares of the company’s stock valued at $459,000 after purchasing an additional 9,361 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Liberty Latin America by 3.5% during the 4th quarter. Nordea Investment Management AB now owns 858,471 shares of the company’s stock worth $5,387,000 after purchasing an additional 29,223 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Liberty Latin America by 10.2% during the third quarter. Franklin Resources Inc. now owns 91,461 shares of the company’s stock worth $868,000 after buying an additional 8,454 shares in the last quarter. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Liberty Latin America news, Director Brendan J. Paddick purchased 18,011 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of $6.12 per share, for a total transaction of $110,227.32. Following the completion of the acquisition, the director now owns 1,437,518 shares of the company’s stock, valued at approximately $8,797,610.16. This represents a 1.27 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have bought 156,298 shares of company stock valued at $1,043,886. 9.66% of the stock is currently owned by company insiders.

Liberty Latin America Trading Up 1.2 %

Shares of LILAK opened at $6.66 on Tuesday. Liberty Latin America Ltd. has a fifty-two week low of $5.95 and a fifty-two week high of $10.93. The company’s fifty day moving average is $6.64 and its two-hundred day moving average is $8.55. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Scotiabank decreased their target price on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group decreased their price objective on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, December 4th.

Liberty Latin America Company 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.