California State Teachers Retirement System Cuts Position in Liberty Latin America Ltd. (NASDAQ:LILAK)

California State Teachers Retirement System lowered its position in Liberty Latin America Ltd. (NASDAQ:LILAK) by 4.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,410 shares of the company’s stock after selling 5,721 shares during the quarter. California State Teachers Retirement System owned 0.06% of Liberty Latin America worth $782,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Hsbc Holdings PLC lifted its stake in shares of Liberty Latin America by 4,054.1% in the 4th quarter. Hsbc Holdings PLC now owns 809,417 shares of the company’s stock valued at $5,087,000 after purchasing an additional 789,932 shares in the last quarter. Wittenberg Investment Management Inc. lifted its stake in shares of Liberty Latin America by 66.8% in the 4th quarter. Wittenberg Investment Management Inc. now owns 293,775 shares of the company’s stock valued at $1,863,000 after purchasing an additional 117,683 shares in the last quarter. Barclays PLC lifted its stake in shares of Liberty Latin America by 11.4% in the 4th quarter. Barclays PLC now owns 223,019 shares of the company’s stock valued at $1,413,000 after purchasing an additional 22,770 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Liberty Latin America in the 4th quarter valued at about $572,000. Finally, Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 869,420 shares in the last quarter. Hedge funds and other institutional investors own 52.98% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th.

Liberty Latin America Stock Performance

Liberty Latin America stock opened at $5.39 on Wednesday. The stock’s 50 day moving average price is $5.23 and its 200 day moving average price is $6.16. The firm has a market capitalization of $1.08 billion, a PE ratio of -1.61 and a beta of 0.89. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. Liberty Latin America Ltd. has a one year low of $4.23 and a one year high of $10.93.

Liberty Latin America (NASDAQ:LILAK) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate 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 company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion.

Insider Buying and Selling at Liberty Latin America

In related news, CFO Christopher J. Noyes acquired 8,000 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost 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. This represents a 3.58% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Balan Nair acquired 22,779 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of $4.39 per share, with a total value of $99,999.81. Following the completion of the purchase, the chief executive officer now owns 1,651,001 shares in the company, valued at $7,247,894.39. The trade was a 1.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. 9.66% of the stock is currently owned by corporate 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.