Liberty Latin America Ltd. (NASDAQ:LILAK) Shares Sold by Fourth Sail Capital LP

Fourth Sail Capital LP cut its position in Liberty Latin America Ltd. (NASDAQ:LILAK) by 96.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,897 shares of the company’s stock after selling 2,507,692 shares during the quarter. Liberty Latin America makes up 0.2% of Fourth Sail Capital LP’s investment portfolio, making the stock its 21st biggest holding. Fourth Sail Capital LP owned about 0.05% of Liberty Latin America worth $951,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Liberty Latin America in the fourth quarter valued at $8,712,000. Russell Investments Group Ltd. lifted its position in Liberty Latin America by 74.0% during the 1st quarter. Russell Investments Group Ltd. now owns 352,669 shares of the company’s stock worth $2,465,000 after acquiring an additional 150,007 shares during the period. Vanguard Group Inc. grew its stake in shares of Liberty Latin America by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock valued at $22,867,000 after purchasing an additional 197,988 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Liberty Latin America by 117.2% in the fourth quarter. Allianz Asset Management GmbH now owns 188,225 shares of the company’s stock valued at $1,382,000 after purchasing an additional 101,576 shares during the period. Finally, DAVENPORT & Co LLC increased its holdings in shares of Liberty Latin America by 8.9% in the first quarter. DAVENPORT & Co LLC now owns 3,559,940 shares of the company’s stock valued at $24,884,000 after purchasing an additional 291,155 shares during the period. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on LILAK. StockNews.com lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Pivotal Research reduced their target price on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $10.50 price target (up from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th.

Liberty Latin America Price Performance

Shares of LILAK stock opened at $9.71 on Tuesday. Liberty Latin America Ltd. has a 1-year low of $5.95 and a 1-year high of $10.93. The business’s fifty day moving average price is $9.69 and its 200 day moving average price is $8.52. The firm has a market capitalization of $1.91 billion, a PE ratio of -323.56 and a beta of 1.14.

Liberty Latin America (NASDAQ:LILAK) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). The firm had revenue of $1.12 billion for the quarter.

Insider Buying and Selling at Liberty Latin America

In other news, Director Brendan J. Paddick acquired 250,000 shares of Liberty Latin America stock in a transaction that occurred on Friday, June 21st. The stock was purchased at an average cost of $8.85 per share, with a total value of $2,212,500.00. Following the completion of the acquisition, the director now owns 886,108 shares in the company, valued at approximately $7,842,055.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Liberty Latin America news, Director Brendan J. Paddick acquired 250,000 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were purchased at an average cost of $8.85 per share, with a total value of $2,212,500.00. Following the purchase, the director now owns 886,108 shares in the company, valued at $7,842,055.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian D. Zook sold 26,197 shares of Liberty Latin America stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total transaction of $250,967.26. Following the transaction, the chief accounting officer now owns 28,788 shares of the company’s stock, valued at approximately $275,789.04. The disclosure for this sale can be found here. 9.66% of the stock is currently owned by corporate insiders.

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.