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

Royce & Associates LP cut its position in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 69.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,228 shares of the company’s stock after selling 187,820 shares during the quarter. Royce & Associates LP’s holdings in Liberty Latin America were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its holdings in Liberty Latin America by 69.2% in the third quarter. FMR LLC now owns 15,600,000 shares of the company’s stock worth $148,044,000 after acquiring an additional 6,379,203 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Liberty Latin America by 24.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock worth $29,045,000 after acquiring an additional 600,689 shares in the last quarter. Barclays PLC boosted its holdings in Liberty Latin America by 55.8% in the third quarter. Barclays PLC now owns 200,249 shares of the company’s stock worth $1,900,000 after acquiring an additional 71,734 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Liberty Latin America by 10.2% in the third quarter. Franklin Resources Inc. now owns 91,461 shares of the company’s stock worth $868,000 after acquiring an additional 8,454 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in Liberty Latin America in the third quarter worth $1,041,000. 52.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group dropped their target price 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 Stock Down 1.9 %

LILAK stock opened at $6.70 on Friday. Liberty Latin America Ltd. has a 1-year low of $5.88 and a 1-year high of $10.93. The business has a fifty day moving average price of $6.73 and a 200-day moving average price of $7.65. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a market capitalization of $1.32 billion, a P/E ratio of -2.01 and a beta of 1.01.

Liberty Latin America (NASDAQ:LILAK) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($1.05). Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion.

Insider Transactions at Liberty Latin America

In other news, Director Brendan J. Paddick acquired 18,011 shares of Liberty Latin America stock in a transaction that occurred on Monday, December 23rd. The stock was bought at an average price of $6.12 per share, for a total transaction of $110,227.32. Following the completion of the transaction, the director now owns 1,437,518 shares in the company, valued at $8,797,610.16. The trade was a 1.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.66% of the company’s stock.

About Liberty Latin America

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.