Mackenzie Financial Corp Lowers Holdings in Liberty Latin America Ltd. (NASDAQ:LILA)

Mackenzie Financial Corp trimmed its position in Liberty Latin America Ltd. (NASDAQ:LILA) by 32.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 179,451 shares of the company’s stock after selling 87,966 shares during the period. Mackenzie Financial Corp’s holdings in Liberty Latin America were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in Liberty Latin America in the fourth quarter valued at $38,000. Cullen Investment Group LTD. acquired a new stake in Liberty Latin America in the fourth quarter valued at $86,000. Teza Capital Management LLC acquired a new stake in Liberty Latin America in the third quarter valued at $124,000. SG Americas Securities LLC acquired a new stake in Liberty Latin America in the third quarter valued at $132,000. Finally, Diversified Trust Co lifted its holdings in Liberty Latin America by 9.5% in the fourth quarter. Diversified Trust Co now owns 21,538 shares of the company’s stock valued at $157,000 after acquiring an additional 1,867 shares during the period. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Trading Up 0.4 %

NASDAQ:LILA opened at $7.47 on Thursday. The company has a market capitalization of $1.53 billion, a PE ratio of -28.73 and a beta of 1.18. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 3.29. Liberty Latin America Ltd. has a 52-week low of $5.90 and a 52-week high of $9.85. The stock has a fifty day simple moving average of $6.77 and a 200-day simple moving average of $6.94.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Thursday, February 22nd. The company reported ($0.49) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 1.21% and a negative return on equity of 2.26%. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.17 billion. On average, equities research analysts expect that Liberty Latin America Ltd. will post -0.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Liberty Latin America news, CAO Brian D. Zook sold 27,711 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $6.76, for a total value of $187,326.36. Following the completion of the transaction, the chief accounting officer now directly owns 34,798 shares in the company, valued at approximately $235,234.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Liberty Latin America news, major shareholder John C. Malone purchased 106,900 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were purchased at an average cost of $6.99 per share, with a total value of $747,231.00. Following the purchase, the insider now owns 8,827,614 shares in the company, valued at $61,705,021.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian D. Zook sold 27,711 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $6.76, for a total value of $187,326.36. Following the completion of the sale, the chief accounting officer now directly owns 34,798 shares in the company, valued at $235,234.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 1,220,056 shares of company stock worth $8,247,512. 11.35% of the stock is owned by insiders.

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, 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.