Mitsubishi UFJ Trust & Banking Corp Sells 1,624 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Mitsubishi UFJ Trust & Banking Corp lessened its position in Liberty Latin America Ltd. (NASDAQ:LILAK) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,132 shares of the company’s stock after selling 1,624 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Liberty Latin America worth $660,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC purchased a new position in shares of Liberty Latin America during the third quarter valued at approximately $250,000. Charles Schwab Investment Management Inc. increased its position in Liberty Latin America by 24.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock valued at $29,045,000 after purchasing an additional 600,689 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Liberty Latin America during the 3rd quarter valued at $209,000. FMR LLC raised its holdings 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 purchasing an additional 6,379,203 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in shares of Liberty Latin America in the 3rd quarter worth about $187,000. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock opened at $6.21 on Wednesday. Liberty Latin America Ltd. has a 12 month low of $5.88 and a 12 month high of $10.93. The firm has a market capitalization of $1.22 billion, a P/E ratio of -1.86 and a beta of 1.01. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. The business has a fifty day simple moving average of $6.71 and a two-hundred day simple moving average of $7.49.

Liberty Latin America (NASDAQ:LILAK) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($1.05). The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group decreased their price target on shares of 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.

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.