Cubist Systematic Strategies LLC Sells 51,003 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Cubist Systematic Strategies LLC lowered its stake in Liberty Latin America Ltd. (NASDAQ:LILA) by 55.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,796 shares of the company’s stock after selling 51,003 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Liberty Latin America were worth $392,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new stake in shares of Liberty Latin America during the second quarter worth $608,000. Truist Financial Corp acquired a new stake in shares of Liberty Latin America in the 2nd quarter valued at about $373,000. Mackenzie Financial Corp lifted its holdings in shares of Liberty Latin America by 0.9% in the second quarter. Mackenzie Financial Corp now owns 230,571 shares of the company’s stock valued at $2,216,000 after purchasing an additional 2,007 shares in the last quarter. XTX Topco Ltd boosted its position in shares of Liberty Latin America by 78.2% during the second quarter. XTX Topco Ltd now owns 20,614 shares of the company’s stock worth $198,000 after buying an additional 9,045 shares during the period. Finally, Virtu Financial LLC grew its holdings in shares of Liberty Latin America by 173.1% during the second quarter. Virtu Financial LLC now owns 332,077 shares of the company’s stock worth $3,191,000 after buying an additional 210,483 shares in the last quarter. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Stock Up 1.2 %

LILA stock opened at $9.62 on Monday. Liberty Latin America Ltd. has a twelve month low of $5.90 and a twelve month high of $10.81. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -320.67 and a beta of 1.13. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 3.46. The business has a 50 day moving average price of $9.52 and a two-hundred day moving average price of $8.93.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter. Liberty Latin America had a negative return on equity of 3.75% and a negative net margin of 1.91%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period last year, the company posted $0.17 earnings per share. Analysts anticipate that Liberty Latin America Ltd. will post -0.15 EPS for the current fiscal year.

Insider Activity at Liberty Latin America

In other Liberty Latin America news, insider Dustin Henderson sold 5,906 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $10.00, for a total value of $59,060.00. Following the sale, the insider now owns 1,600 shares in the company, valued at $16,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Liberty Latin America news, CAO Brian D. Zook sold 26,197 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total value of $250,967.26. Following the transaction, the chief accounting officer now directly owns 28,788 shares of the company’s stock, valued at $275,789.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dustin Henderson sold 5,906 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $10.00, for a total value of $59,060.00. Following the sale, the insider now owns 1,600 shares of the company’s stock, valued at approximately $16,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 11.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Scotiabank downgraded Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th. The Goldman Sachs Group downgraded shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 4th.

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.