Gabelli Funds LLC Sells 3,216,400 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Gabelli Funds LLC lessened its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAFree Report) by 83.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 621,000 shares of the company’s stock after selling 3,216,400 shares during the period. Gabelli Funds LLC owned 0.30% of Liberty Latin America worth $4,540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LILA. TFO Wealth Partners LLC grew its stake in shares of Liberty Latin America by 17,797.6% during the fourth quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock valued at $54,000 after purchasing an additional 7,297 shares during the last quarter. Trexquant Investment LP boosted its position in Liberty Latin America by 151.6% in the 4th quarter. Trexquant Investment LP now owns 56,020 shares of the company’s stock valued at $410,000 after buying an additional 33,752 shares during the last quarter. Panagora Asset Management Inc. increased its stake in shares of Liberty Latin America by 3.6% in the 4th quarter. Panagora Asset Management Inc. now owns 438,094 shares of the company’s stock valued at $3,202,000 after buying an additional 15,416 shares during the period. Teacher Retirement System of Texas raised its position in shares of Liberty Latin America by 83.3% during the fourth quarter. Teacher Retirement System of Texas now owns 81,513 shares of the company’s stock worth $596,000 after acquiring an additional 37,038 shares during the last quarter. Finally, Bailard Inc. acquired a new position in shares of Liberty Latin America during the fourth quarter valued at $523,000. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Liberty Latin America

In other news, major shareholder John C. Malone acquired 35,780 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was acquired at an average price of $6.43 per share, for a total transaction of $230,065.40. Following the transaction, the insider now directly owns 7,402,498 shares in the company, valued at $47,598,062.14. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Liberty Latin America news, major shareholder John C. Malone acquired 35,780 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average price of $6.43 per share, for a total transaction of $230,065.40. Following the acquisition, the insider now directly owns 7,402,498 shares of the company’s stock, valued at approximately $47,598,062.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder John C. Malone acquired 484,673 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average price of $6.72 per share, with a total value of $3,257,002.56. Following the completion of the transaction, the insider now directly owns 8,360,255 shares in the company, valued at approximately $56,180,913.60. The disclosure for this purchase can be found here. Insiders have bought a total of 1,220,056 shares of company stock valued at $8,247,512 over the last three months. 11.35% of the stock is currently owned by corporate insiders.

Liberty Latin America Trading Down 1.8 %

NASDAQ LILA opened at $8.85 on Friday. Liberty Latin America Ltd. has a 12 month low of $5.90 and a 12 month high of $9.85. The stock has a 50-day simple moving average of $8.03 and a 200 day simple moving average of $7.26. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 3.33. The company has a market capitalization of $1.75 billion, a PE ratio of -294.90 and a beta of 1.11.

Liberty Latin America (NASDAQ:LILAGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.16). The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. Liberty Latin America had a negative net margin of 0.12% and a negative return on equity of 0.23%. During the same quarter in the prior year, the business earned ($0.23) earnings per share. Research analysts forecast that Liberty Latin America Ltd. will post -0.64 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LILA. Barclays lowered their price objective on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 7th. The Goldman Sachs Group lifted their price target on shares of Liberty Latin America from $8.40 to $9.30 and gave the stock a “buy” rating in a research report on Tuesday, May 28th.

View Our Latest Report on Liberty Latin America

Liberty Latin America Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Liberty Latin America (NASDAQ:LILA)

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