ARS Investment Partners LLC Trims Position in Liberty Latin America Ltd. (NASDAQ:LILAK)

ARS Investment Partners LLC lessened its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 45.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,618 shares of the company’s stock after selling 38,523 shares during the quarter. ARS Investment Partners LLC’s holdings in Liberty Latin America were worth $296,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. FMR LLC lifted its position in Liberty Latin America by 69.2% in the 3rd quarter. FMR LLC now owns 15,600,000 shares of the company’s stock worth $148,044,000 after buying an additional 6,379,203 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Liberty Latin America by 24.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock worth $29,045,000 after buying an additional 600,689 shares during the last quarter. Barclays PLC lifted its position in Liberty Latin America by 55.8% in the 3rd quarter. Barclays PLC now owns 200,249 shares of the company’s stock worth $1,900,000 after buying an additional 71,734 shares during the last quarter. Franklin Resources Inc. lifted its position in Liberty Latin America by 10.2% in the 3rd quarter. Franklin Resources Inc. now owns 91,461 shares of the company’s stock worth $868,000 after buying an additional 8,454 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in Liberty Latin America in the 3rd quarter worth approximately $1,041,000. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Insider Buying and Selling

In other news, Director Brendan J. Paddick purchased 18,011 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of $6.12 per share, for a total transaction of $110,227.32. Following the acquisition, the director now directly owns 1,437,518 shares of the company’s stock, valued at $8,797,610.16. This represents a 1.27 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders acquired 156,298 shares of company stock worth $1,043,886. 9.66% of the stock is owned by corporate insiders.

Liberty Latin America Stock Performance

LILAK stock opened at $6.66 on Tuesday. Liberty Latin America Ltd. has a fifty-two week low of $5.95 and a fifty-two week high of $10.93. The business’s 50-day moving average is $6.64 and its two-hundred day moving average is $8.55. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LILAK shares. The Goldman Sachs Group reduced their target price on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. Scotiabank reduced their target price on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th.

Liberty Latin America 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.