Mackenzie Financial Corp Sells 87,966 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Mackenzie Financial Corp lessened its position in Liberty Latin America Ltd. (NASDAQ:LILA) by 32.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 179,451 shares of the company’s stock after selling 87,966 shares during the period. Mackenzie Financial Corp owned about 0.09% of Liberty Latin America worth $1,312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LILA. SG Americas Securities LLC bought a new position in shares of Liberty Latin America in the third quarter worth approximately $132,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Liberty Latin America by 142.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 23,859 shares of the company’s stock worth $195,000 after buying an additional 14,031 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Liberty Latin America by 11.1% in the third quarter. Panagora Asset Management Inc. now owns 422,678 shares of the company’s stock worth $3,449,000 after buying an additional 42,159 shares in the last quarter. Barclays PLC lifted its stake in shares of Liberty Latin America by 55.9% in the third quarter. Barclays PLC now owns 34,048 shares of the company’s stock worth $277,000 after buying an additional 12,203 shares in the last quarter. Finally, Hosking Partners LLP lifted its stake in shares of Liberty Latin America by 2.9% in the third quarter. Hosking Partners LLP now owns 93,438 shares of the company’s stock worth $762,000 after buying an additional 2,673 shares in the last quarter. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Stock Up 0.4 %

Shares of Liberty Latin America stock opened at $7.47 on Thursday. The company has a market cap of $1.53 billion, a price-to-earnings ratio of -28.73 and a beta of 1.18. The company’s 50 day moving average is $6.77 and its 200 day moving average is $6.94. Liberty Latin America Ltd. has a twelve month low of $5.90 and a twelve month high of $9.85. 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 (NASDAQ:LILA) last issued its quarterly earnings data on Thursday, February 22nd. The company reported ($0.49) earnings per share for the quarter. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate 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 anticipate that Liberty Latin America Ltd. will post -0.64 EPS for the current year.

Insider Activity at Liberty Latin America

In related news, CAO Brian D. Zook sold 27,711 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $6.76, for a total transaction 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 SEC, which can be accessed through the SEC website. In other Liberty Latin America news, major shareholder John C. Malone purchased 484,673 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were acquired at an average cost of $6.72 per share, for a total transaction of $3,257,002.56. Following the completion of the transaction, the insider now owns 8,360,255 shares of the company’s stock, valued at $56,180,913.60. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Brian D. Zook sold 27,711 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $6.76, for a total transaction of $187,326.36. Following the completion of the transaction, the chief accounting officer now owns 34,798 shares in the company, valued at $235,234.48. The disclosure for this sale can be found here. Insiders have purchased a total of 1,220,056 shares of company stock worth $8,247,512 over the last quarter. Company insiders own 11.35% of the company’s stock.

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.