Raymond James & Associates Reduces Stock Position in Liberty Latin America Ltd. (NASDAQ:LILA)

Raymond James & Associates cut its stake in Liberty Latin America Ltd. (NASDAQ:LILA) by 2.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 126,760 shares of the company’s stock after selling 3,045 shares during the period. Raymond James & Associates owned approximately 0.06% of Liberty Latin America worth $1,109,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Liberty Latin America in the fourth quarter valued at approximately $3,194,000. Charles Schwab Investment Management Inc. grew its position in shares of Liberty Latin America by 57.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,125,429 shares of the company’s stock valued at $9,352,000 after purchasing an additional 410,239 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Liberty Latin America by 12.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,460,901 shares of the company’s stock valued at $20,450,000 after purchasing an additional 280,428 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Liberty Latin America in the first quarter valued at approximately $2,265,000. Finally, Morgan Stanley grew its position in shares of Liberty Latin America by 104.6% in the fourth quarter. Morgan Stanley now owns 439,843 shares of the company’s stock valued at $3,312,000 after purchasing an additional 224,884 shares during the last quarter. 15.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Liberty Latin America news, SVP John M. Winter sold 21,646 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $9.15, for a total transaction of $198,060.90. Following the transaction, the senior vice president now owns 238,568 shares of the company’s stock, valued at $2,182,897.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 38.34% of the stock is currently owned by insiders.

Liberty Latin America Stock Up 1.8 %

Shares of NASDAQ LILA opened at $6.86 on Friday. Liberty Latin America Ltd. has a 1 year low of $6.57 and a 1 year high of $10.01. The firm’s 50 day moving average price is $7.86 and its 200 day moving average price is $8.19. The firm has a market cap of $1.43 billion, a P/E ratio of 7.54 and a beta of 1.35. The company has a debt-to-equity ratio of 3.19, a quick ratio of 1.19 and a current ratio of 1.19.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Tuesday, August 8th. The company reported $0.17 earnings per share (EPS) for the quarter. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Liberty Latin America had a net margin of 4.50% and a return on equity of 8.29%. As a group, sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.44 earnings per share for the current year.

Analyst Ratings Changes

LILA has been the topic of several research reports. Barclays lowered their price target on shares of Liberty Latin America from $9.50 to $9.25 and set an “equal weight” rating on the stock in a research report on Thursday, August 31st. Scotiabank upgraded shares of Liberty Latin America from a “sector underperform” rating to a “sector perform” rating and set a $8.70 target price on the stock in a research report on Tuesday, September 26th.

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, Liberty Costa Rico, and VTR 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.