Goldman Sachs Group Inc. Has $650,000 Stake in Liberty Latin America Ltd. $LILA

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Liberty Latin America Ltd. by 62.3%, now holding 102,704 shares valued at approximately $650,000.
• Benchmark recently upgraded Liberty Latin America to a "strong-buy" rating, with the stock currently holding an average rating of "Moderate Buy" and a consensus price target of $6.50.
• Liberty Latin America reported a loss of ($2.12) earnings per share (EPS) in its latest earnings announcement, missing expectations by a significant margin and reflecting a negative net margin of 26.61%.

Goldman Sachs Group Inc. trimmed its position in shares of Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) by 62.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,704 shares of the company's stock after selling 169,534 shares during the quarter. Goldman Sachs Group Inc. owned 0.05% of Liberty Latin America worth $650,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LILA. Fourth Sail Capital LP acquired a new position in shares of Liberty Latin America during the first quarter worth approximately $8,977,000. Hsbc Holdings PLC raised its position in Liberty Latin America by 30.1% in the 1st quarter. Hsbc Holdings PLC now owns 520,902 shares of the company's stock valued at $3,318,000 after buying an additional 120,548 shares during the last quarter. Nuveen LLC purchased a new stake in Liberty Latin America in the 1st quarter valued at $655,000. Trexquant Investment LP purchased a new stake in Liberty Latin America in the 1st quarter valued at $542,000. Finally, UMB Bank n.a. raised its position in Liberty Latin America by 37.5% in the 1st quarter. UMB Bank n.a. now owns 232,901 shares of the company's stock valued at $1,474,000 after buying an additional 63,486 shares during the last quarter. 18.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Benchmark raised Liberty Latin America to a "strong-buy" rating in a research report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $6.50.

Liberty Latin America Trading Down 1.6%

Shares of Liberty Latin America stock opened at $8.07 on Thursday. Liberty Latin America Ltd. has a 1 year low of $4.25 and a 1 year high of $10.79. The firm has a market cap of $1.61 billion, a PE ratio of -1.36 and a beta of 1.03. The stock has a fifty day moving average price of $7.54 and a 200-day moving average price of $6.32. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.08 and a quick ratio of 1.08.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($2.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($2.13). Liberty Latin America had a negative net margin of 26.61% and a negative return on equity of 77.72%. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.10 billion. Equities research analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

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.

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