Bank of America Corp DE Sells 61,256 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Bank of America Corp DE reduced its stake in Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,103 shares of the company's stock after selling 61,256 shares during the period. Bank of America Corp DE owned approximately 0.20% of Liberty Latin America worth $2,511,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Hsbc Holdings PLC grew its stake in shares of Liberty Latin America by 4,054.1% during the fourth quarter. Hsbc Holdings PLC now owns 809,417 shares of the company's stock valued at $5,087,000 after buying an additional 789,932 shares during the last quarter. Wittenberg Investment Management Inc. grew its stake in shares of Liberty Latin America by 66.8% during the fourth quarter. Wittenberg Investment Management Inc. now owns 293,775 shares of the company's stock valued at $1,863,000 after buying an additional 117,683 shares during the last quarter. Barclays PLC grew its stake in shares of Liberty Latin America by 11.4% during the fourth quarter. Barclays PLC now owns 223,019 shares of the company's stock valued at $1,413,000 after buying an additional 22,770 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new position in shares of Liberty Latin America during the fourth quarter valued at about $572,000. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Liberty Latin America by 28.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,929,978 shares of the company's stock worth $24,916,000 after purchasing an additional 869,420 shares during the last quarter. 52.98% of the stock is owned by institutional investors.

Liberty Latin America Stock Down 1.2%

Shares of LILAK traded down $0.06 during mid-day trading on Thursday, reaching $5.15. The company had a trading volume of 699,002 shares, compared to its average volume of 960,548. Liberty Latin America Ltd. has a 52 week low of $4.23 and a 52 week high of $10.93. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -1.54 and a beta of 0.92. The firm has a 50-day moving average price of $5.29 and a 200 day moving average price of $6.21. 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 (NASDAQ:LILAK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.55). Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%. The firm had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.10 billion.

Insider Buying and Selling at Liberty Latin America

In other Liberty Latin America news, CFO Christopher J. Noyes purchased 8,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $4.53 per share, for a total transaction of $36,240.00. Following the purchase, the chief financial officer now owns 231,621 shares of the company's stock, valued at approximately $1,049,243.13. This represents a 3.58% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Balan Nair acquired 22,779 shares of the company's stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $4.39 per share, with a total value of $99,999.81. Following the acquisition, the chief executive officer now directly owns 1,651,001 shares in the company, valued at approximately $7,247,894.39. The trade was a 1.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 9.66% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Liberty Latin America from a "buy" rating to a "hold" rating in a research note on Tuesday, May 20th.

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.