Arizona State Retirement System Sells 6,744 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Arizona State Retirement System lessened its position in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 15.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,685 shares of the company’s stock after selling 6,744 shares during the quarter. Arizona State Retirement System’s holdings in Liberty Latin America were worth $269,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Liberty Latin America by 16.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,765,770 shares of the company’s stock worth $80,664,000 after acquiring an additional 1,397,504 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Liberty Latin America by 22.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,638,181 shares of the company’s stock worth $29,688,000 after purchasing an additional 662,449 shares during the last quarter. Vanguard Group Inc. grew its position in Liberty Latin America by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 3,452,758 shares of the company’s stock worth $33,111,000 after purchasing an additional 131,796 shares during the last quarter. DAVENPORT & Co LLC grew its position in Liberty Latin America by 4.8% during the 4th quarter. DAVENPORT & Co LLC now owns 3,268,785 shares of the company’s stock worth $23,930,000 after purchasing an additional 149,701 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Liberty Latin America by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 3,096,597 shares of the company’s stock worth $26,693,000 after purchasing an additional 28,851 shares during the last quarter. Institutional investors own 52.98% of the company’s stock.

Insider Activity

In other Liberty Latin America news, major shareholder John C. Malone acquired 484,673 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were acquired at an average cost of $6.72 per share, with a total value of $3,257,002.56. Following the acquisition, the insider now directly owns 8,360,255 shares of the company’s stock, valued at $56,180,913.60. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CAO Brian D. Zook sold 27,711 shares of the stock in a transaction 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 sale, the chief accounting officer now directly owns 34,798 shares of the company’s stock, valued at $235,234.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder John C. Malone purchased 484,673 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were purchased at an average cost of $6.72 per share, for a total transaction of $3,257,002.56. Following the completion of the acquisition, the insider now directly owns 8,360,255 shares of the company’s stock, valued at approximately $56,180,913.60. The disclosure for this purchase can be found here. Insiders have acquired 1,220,056 shares of company stock valued at $8,247,512 in the last ninety days. Insiders own 9.66% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Friday, March 8th.

Liberty Latin America Trading Up 0.8 %

NASDAQ:LILAK opened at $7.26 on Monday. The company has a market cap of $1.49 billion, a PE ratio of -27.92 and a beta of 1.17. Liberty Latin America Ltd. has a twelve month low of $5.95 and a twelve month high of $9.73. The company’s 50 day moving average is $6.78 and its two-hundred day moving average is $6.98.

Liberty Latin America (NASDAQ:LILAK) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.49) EPS for the quarter. The firm had revenue of $1.16 billion for the quarter.

About Liberty Latin America

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.