The Manufacturers Life Insurance Company Has $398,000 Stock Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

The Manufacturers Life Insurance Company trimmed its stake in Liberty Latin America Ltd. (NASDAQ:LILAK) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,839 shares of the company’s stock after selling 2,326 shares during the period. The Manufacturers Life Insurance Company’s holdings in Liberty Latin America were worth $398,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quaker Capital Investments LLC increased its stake in Liberty Latin America by 1.2% in the fourth quarter. Quaker Capital Investments LLC now owns 4,689,398 shares of the company’s stock valued at $29,731,000 after purchasing an additional 53,341 shares in the last quarter. Charles Schwab Investment Management Inc. grew 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 buying an additional 869,420 shares during the period. DAVENPORT & Co LLC increased its position in Liberty Latin America by 9.5% in the 4th quarter. DAVENPORT & Co LLC now owns 3,067,979 shares of the company’s stock valued at $19,451,000 after buying an additional 266,301 shares in the last quarter. Long Focus Capital Management LLC increased its position in Liberty Latin America by 79.0% in the 4th quarter. Long Focus Capital Management LLC now owns 3,034,616 shares of the company’s stock valued at $19,239,000 after buying an additional 1,339,216 shares in the last quarter. Finally, Empowered Funds LLC raised its stake 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 buying an additional 45,635 shares during the period. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Latin America Price Performance

Liberty Latin America stock opened at $5.43 on Friday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -1.63 and a beta of 0.92. The firm’s fifty day moving average price is $5.72 and its two-hundred day moving average price is $6.48. Liberty Latin America Ltd. has a 1-year low of $4.23 and a 1-year high of $10.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31.

Liberty Latin America (NASDAQ:LILAK) last posted its earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.55). Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Liberty Latin America from a “hold” rating to a “buy” rating in a research note on Monday, May 12th.

Insider Transactions at Liberty Latin America

In other news, CFO Christopher J. Noyes bought 8,000 shares of Liberty Latin America stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $4.53 per share, for a total transaction of $36,240.00. Following the purchase, the chief financial officer now directly owns 231,621 shares in the company, valued at $1,049,243.13. The trade was a 3.58% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Balan Nair purchased 22,779 shares of the company’s stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of $4.39 per share, for a total transaction of $99,999.81. Following the completion of the transaction, the chief executive officer now directly owns 1,651,001 shares of the company’s stock, valued at $7,247,894.39. This represents a 1.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 9.66% of the company’s stock.

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.