Nuveen Asset Management LLC trimmed its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) by 44.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 103,484 shares of the company's stock after selling 81,607 shares during the quarter. Nuveen Asset Management LLC owned 0.05% of Liberty Latin America worth $658,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS bought a new position in shares of Liberty Latin America in the fourth quarter worth $37,000. EntryPoint Capital LLC purchased a new position in Liberty Latin America during the fourth quarter worth about $69,000. Marshall Wace LLP bought a new position in Liberty Latin America in the 4th quarter worth about $77,000. Price T Rowe Associates Inc. MD raised its stake in Liberty Latin America by 12.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company's stock valued at $80,000 after purchasing an additional 1,422 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Liberty Latin America by 15.9% in the fourth quarter. SG Americas Securities LLC now owns 14,560 shares of the company's stock worth $93,000 after purchasing an additional 2,002 shares during the last quarter. Hedge funds and other institutional investors own 18.48% of the company's stock.
Analyst Ratings Changes
A number of brokerages have recently weighed in on LILA. Barclays lowered shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $8.00 to $6.50 in a research note on Tuesday, February 25th. Benchmark upgraded shares of Liberty Latin America to a "strong-buy" rating in a research note on Monday, June 2nd.
View Our Latest Analysis on Liberty Latin America
Insider Activity at Liberty Latin America
In other news, CEO Balan Nair purchased 22,779 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $4.39 per share, with a total value of $99,999.81. Following the purchase, the chief executive officer now owns 1,651,001 shares in the company, valued at approximately $7,247,894.39. This trade represents a 1.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christopher J. Noyes bought 8,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost 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. The trade was a 3.58% increase in their position. The disclosure for this purchase can be found here. 11.96% of the stock is owned by corporate insiders.
Liberty Latin America Stock Performance
NASDAQ:LILA traded up $0.11 during trading hours on Monday, reaching $5.13. The company had a trading volume of 313,205 shares, compared to its average volume of 386,927. Liberty Latin America Ltd. has a 52 week low of $4.25 and a 52 week high of $10.82. The firm's 50 day moving average price is $5.23 and its 200-day moving average price is $6.20. The company has a current ratio of 1.04, a quick ratio of 1.06 and a debt-to-equity ratio of 4.68. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -1.54 and a beta of 0.91.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.62). The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.10 billion. Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. On average, analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current year.
Liberty Latin America Company Profile
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Free Report)
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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