JPMorgan Chase & Co. Lowers Stake in Liberty Latin America Ltd. (NASDAQ:LILAK)

JPMorgan Chase & Co. lessened its stake in Liberty Latin America Ltd. (NASDAQ:LILAK - Free Report) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,579,211 shares of the company's stock after selling 257,754 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.31% of Liberty Latin America worth $16,410,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in Liberty Latin America by 28.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,929,978 shares of the company's stock worth $24,916,000 after buying an additional 869,420 shares during the period. Edgestream Partners L.P. purchased a new position in shares of Liberty Latin America in the fourth quarter valued at $3,177,000. DAVENPORT & Co LLC raised its stake in shares of Liberty Latin America by 9.5% during the 4th quarter. DAVENPORT & Co LLC now owns 3,067,979 shares of the company's stock valued at $19,451,000 after purchasing an additional 266,301 shares during the period. UMB Bank n.a. lifted its holdings in Liberty Latin America by 970.4% during the 4th quarter. UMB Bank n.a. now owns 282,937 shares of the company's stock worth $1,794,000 after purchasing an additional 256,504 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Liberty Latin America in the 3rd quarter worth about $801,000. Hedge funds and other institutional investors own 52.98% of the company's stock.

Liberty Latin America Price Performance

Shares of LILAK traded up $0.09 during midday trading on Thursday, hitting $5.29. 129,514 shares of the company traded hands, compared to its average volume of 851,336. Liberty Latin America Ltd. has a one year low of $5.09 and a one year high of $10.93. The firm has a market cap of $1.04 billion, a P/E ratio of -1.58 and a beta of 0.83. 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 50-day moving average of $6.43 and a 200-day moving average of $7.16.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.15 by ($1.05). Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%. The firm had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.14 billion.

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.