Royce & Associates LP Trims Stock Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

Royce & Associates LP decreased its stake in Liberty Latin America Ltd. (NASDAQ:LILAK) by 69.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 83,228 shares of the company’s stock after selling 187,820 shares during the period. Royce & Associates LP’s holdings in Liberty Latin America were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of LILAK. Bleakley Financial Group LLC purchased a new stake in Liberty Latin America in the fourth quarter worth about $65,000. Sargent Investment Group LLC bought a new position in shares of Liberty Latin America in the fourth quarter worth about $69,000. KBC Group NV boosted its stake in shares of Liberty Latin America by 62.5% in the fourth quarter. KBC Group NV now owns 11,879 shares of the company’s stock worth $75,000 after acquiring an additional 4,571 shares during the period. MassMutual Private Wealth & Trust FSB bought a new position in shares of Liberty Latin America in the fourth quarter worth about $94,000. Finally, Net Worth Advisory Group bought a new position in shares of Liberty Latin America in the fourth quarter worth about $112,000. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group dropped their price objective on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a research note on Wednesday, December 4th.

Insider Activity at Liberty Latin America

In related news, Director Brendan J. Paddick acquired 18,011 shares of the stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $6.12 per share, with a total value of $110,227.32. Following the purchase, the director now directly owns 1,437,518 shares of the company’s stock, valued at approximately $8,797,610.16. This trade represents a 1.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 9.66% of the stock is owned by corporate insiders.

Liberty Latin America Stock Performance

NASDAQ LILAK opened at $6.70 on Friday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -2.01 and a beta of 1.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. The business has a 50-day moving average price of $6.73 and a 200-day moving average price of $7.65. Liberty Latin America Ltd. has a twelve month low of $5.88 and a twelve month high of $10.93.

Liberty Latin America (NASDAQ:LILAK) last announced its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.14 billion.

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.