Genesis Investment Management LLP Reduces Stake in Liberty Latin America Ltd. (NASDAQ:LILA)

Genesis Investment Management LLP reduced its position in Liberty Latin America Ltd. (NASDAQ:LILA) by 32.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 643,436 shares of the company’s stock after selling 316,200 shares during the period. Liberty Latin America comprises 0.9% of Genesis Investment Management LLP’s investment portfolio, making the stock its 13th biggest position. Genesis Investment Management LLP’s holdings in Liberty Latin America were worth $4,704,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Liberty Latin America by 38.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock worth $114,000 after buying an additional 4,322 shares in the last quarter. Cullen Investment Group LTD. purchased a new position in Liberty Latin America during the fourth quarter worth $86,000. DekaBank Deutsche Girozentrale purchased a new position in Liberty Latin America during the fourth quarter worth $38,000. SG Americas Securities LLC increased its position in Liberty Latin America by 23.6% during the fourth quarter. SG Americas Securities LLC now owns 20,001 shares of the company’s stock worth $146,000 after buying an additional 3,823 shares in the last quarter. Finally, Diversified Trust Co increased its position in Liberty Latin America by 9.5% during the fourth quarter. Diversified Trust Co now owns 21,538 shares of the company’s stock worth $157,000 after buying an additional 1,867 shares in the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Brian D. Zook sold 27,711 shares of Liberty Latin America stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $6.76, for a total value of $187,326.36. Following the transaction, the chief accounting officer now owns 34,798 shares in the company, valued at $235,234.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, major shareholder John C. Malone bought 106,900 shares of Liberty Latin America stock in a transaction that occurred on Thursday, March 28th. The shares were purchased at an average price of $6.99 per share, for a total transaction of $747,231.00. Following the completion of the acquisition, the insider now owns 8,827,614 shares of the company’s stock, valued at $61,705,021.86. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brian D. Zook sold 27,711 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $6.76, for a total value of $187,326.36. Following the transaction, the chief accounting officer now owns 34,798 shares in the company, valued at approximately $235,234.48. The disclosure for this sale can be found here. Insiders acquired a total of 1,220,056 shares of company stock valued at $8,247,512 over the last quarter. Company insiders own 11.35% of the company’s stock.

Liberty Latin America Trading Up 1.0 %

Shares of NASDAQ:LILA traded up $0.07 during midday trading on Wednesday, reaching $7.33. The company’s stock had a trading volume of 92,043 shares, compared to its average volume of 450,065. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of -27.92 and a beta of 1.18. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 3.29. Liberty Latin America Ltd. has a 1 year low of $5.90 and a 1 year high of $9.85. The business has a 50 day moving average price of $6.70 and a 200 day moving average price of $6.96.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Thursday, February 22nd. The company reported ($0.49) EPS for the quarter. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Liberty Latin America had a negative net margin of 1.21% and a negative return on equity of 2.26%. Research analysts forecast that Liberty Latin America Ltd. will post -0.64 EPS for the current year.

Liberty Latin America Company Profile

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.