Genesis Investment Management LLP lessened its holdings in Liberty Latin America Ltd. (NASDAQ:LILA - Free Report) by 32.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 643,436 shares of the company's stock after selling 316,200 shares during the period. Liberty Latin America makes up about 0.9% of Genesis Investment Management LLP's investment portfolio, making the stock its 13th largest position. Genesis Investment Management LLP owned about 0.31% of Liberty Latin America worth $4,704,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Franklin Resources Inc. bought a new position in Liberty Latin America during the first quarter valued at $25,000. Tower Research Capital LLC TRC grew its holdings in shares of Liberty Latin America by 62.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,769 shares of the company's stock worth $33,000 after purchasing an additional 1,451 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Liberty Latin America by 62.3% in the second quarter. Royal Bank of Canada now owns 4,192 shares of the company's stock worth $36,000 after purchasing an additional 1,609 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Liberty Latin America in the fourth quarter worth about $38,000. Finally, FMR LLC grew its holdings in shares of Liberty Latin America by 78.5% in the first quarter. FMR LLC now owns 6,526 shares of the company's stock worth $54,000 after purchasing an additional 2,871 shares during the last quarter. Institutional investors own 18.48% of the company's stock.
Insider Buying and Selling
In other Liberty Latin America news, major shareholder John C. Malone acquired 484,673 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average cost of $6.72 per share, with a total value of $3,257,002.56. Following the completion of the purchase, the insider now directly owns 8,360,255 shares in the company, valued at $56,180,913.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder John C. Malone purchased 35,780 shares of the firm's stock in a transaction on Wednesday, March 20th. The stock was acquired at an average cost of $6.43 per share, with a total value of $230,065.40. Following the completion of the transaction, the insider now owns 7,402,498 shares in the company, valued at approximately $47,598,062.14. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder John C. Malone acquired 484,673 shares of the business's stock in a transaction dated Friday, March 22nd. The shares were bought at an average price of $6.72 per share, for a total transaction of $3,257,002.56. Following the acquisition, the insider now owns 8,360,255 shares of the company's stock, valued at $56,180,913.60. The disclosure for this purchase can be found here. Insiders acquired a total of 1,220,056 shares of company stock valued at $8,247,512 over the last three months. 11.35% of the stock is owned by company insiders.
Liberty Latin America Trading Down 0.8 %
Shares of NASDAQ LILA traded down $0.06 during mid-day trading on Wednesday, reaching $7.20. The company had a trading volume of 292,297 shares, compared to its average volume of 453,015. The business's 50-day moving average is $6.70 and its 200-day moving average is $6.96. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 3.29. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -27.92 and a beta of 1.18. Liberty Latin America Ltd. has a 52 week low of $5.90 and a 52 week high of $9.85.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.49) earnings per share for the quarter. Liberty Latin America had a negative return on equity of 2.26% and a negative net margin of 1.21%. The business had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.17 billion. Equities analysts expect that Liberty Latin America Ltd. will post -0.64 earnings per share for the current year.
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.
See Also
Before you consider Liberty Latin America, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Latin America wasn't on the list.
While Liberty Latin America currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
