Janus Henderson Group PLC Cuts Stock Position in Liberty Latin America Ltd. (NASDAQ:LILA)

Janus Henderson Group PLC trimmed its position in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 50.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,115 shares of the company’s stock after selling 18,500 shares during the quarter. Janus Henderson Group PLC’s holdings in Liberty Latin America were worth $115,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LILA. Dimensional Fund Advisors LP lifted its position in shares of Liberty Latin America by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,454,942 shares of the company’s stock worth $15,613,000 after purchasing an additional 24,752 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in Liberty Latin America by 3.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,056,713 shares of the company’s stock valued at $6,721,000 after buying an additional 30,537 shares during the period. Banco Santander S.A. boosted its position in Liberty Latin America by 2.1% in the 4th quarter. Banco Santander S.A. now owns 816,900 shares of the company’s stock valued at $5,195,000 after buying an additional 16,900 shares during the period. Gabelli Funds LLC grew its stake in shares of Liberty Latin America by 1.7% in the fourth quarter. Gabelli Funds LLC now owns 761,718 shares of the company’s stock worth $4,845,000 after acquiring an additional 13,000 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Liberty Latin America by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 517,206 shares of the company’s stock worth $3,290,000 after acquiring an additional 6,509 shares during the period. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Christopher J. Noyes purchased 8,000 shares of the business’s stock in a transaction on Monday, May 12th. The shares were bought at an average price of $4.53 per share, with a total value of $36,240.00. Following the completion of the transaction, the chief financial officer now directly owns 231,621 shares in the company, valued at approximately $1,049,243.13. This represents a 3.58% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Balan Nair acquired 22,779 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was purchased at an average cost of $4.39 per share, with a total value of $99,999.81. Following the completion of the acquisition, the chief executive officer now directly owns 1,651,001 shares of the company’s stock, valued at approximately $7,247,894.39. This trade represents a 1.40% increase in their position. The disclosure for this purchase can be found here. Insiders own 11.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered Liberty Latin America from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $8.00 to $6.50 in a report on Tuesday, February 25th.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock opened at $5.02 on Monday. The business has a 50-day simple moving average of $5.55 and a 200-day simple moving average of $6.33. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.06 and a current ratio of 1.04. Liberty Latin America Ltd. has a one year low of $4.25 and a one year high of $10.82. The company has a market cap of $1.00 billion, a PE ratio of -1.50 and a beta of 0.94.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.62). Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. On average, equities research analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

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.