Arrowstreet Capital Limited Partnership cut its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 71.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 312,381 shares of the company's stock after selling 771,561 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.16% of Liberty Latin America worth $1,980,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in LILAK. New Age Alpha Advisors LLC acquired a new position in Liberty Latin America in the 4th quarter worth about $41,000. Norges Bank bought a new stake in shares of Liberty Latin America in the 4th quarter valued at approximately $3,134,000. EntryPoint Capital LLC acquired a new position in Liberty Latin America in the fourth quarter worth approximately $102,000. KLP Kapitalforvaltning AS bought a new position in Liberty Latin America during the fourth quarter valued at approximately $183,000. Finally, Virtu Financial LLC lifted its stake in Liberty Latin America by 58.5% in the fourth quarter. Virtu Financial LLC now owns 98,671 shares of the company's stock valued at $626,000 after acquiring an additional 36,433 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company's stock.
Liberty Latin America Stock Up 1.2 %
Shares of LILAK stock traded up $0.06 on Wednesday, hitting $5.30. The company's stock had a trading volume of 99,033 shares, compared to its average volume of 895,606. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -1.59 and a beta of 0.83. Liberty Latin America Ltd. has a fifty-two week low of $5.10 and a fifty-two week high of $10.93. The firm's fifty day moving average price is $6.45 and its 200-day moving average price is $7.17. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06.
Liberty Latin America (NASDAQ:LILAK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($1.05). The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.14 billion. Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%.
Liberty Latin America Profile
(
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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