Franklin Resources Inc. Sells 79,164 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Franklin Resources Inc. lowered its holdings in Liberty Latin America Ltd. (NASDAQ:LILAK) by 86.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,297 shares of the company’s stock after selling 79,164 shares during the quarter. Franklin Resources Inc.’s holdings in Liberty Latin America were worth $78,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in LILAK. Charles Schwab Investment Management Inc. boosted its stake in shares of Liberty Latin America by 28.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,929,978 shares of the company’s stock valued at $24,916,000 after purchasing an additional 869,420 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Liberty Latin America by 1.2% during the third quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock worth $32,073,000 after buying an additional 39,711 shares in the last quarter. State Street Corp raised its stake in shares of Liberty Latin America by 0.4% in the third quarter. State Street Corp now owns 3,290,866 shares of the company’s stock valued at $31,230,000 after acquiring an additional 11,510 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of Liberty Latin America by 9.5% in the 4th quarter. DAVENPORT & Co LLC now owns 3,067,979 shares of the company’s stock worth $19,451,000 after acquiring an additional 266,301 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Liberty Latin America by 5.1% during the 4th quarter. Empowered Funds LLC now owns 936,783 shares of the company’s stock worth $5,939,000 after acquiring an additional 45,635 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Latin America Trading Up 3.1 %

Shares of LILAK opened at $5.36 on Friday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -1.60 and a beta of 0.83. The stock has a fifty day moving average price of $6.37 and a two-hundred day moving average price of $7.09. Liberty Latin America Ltd. has a 52-week low of $5.10 and a 52-week high of $10.93.

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

Liberty Latin America Company 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.