Principal Financial Group Inc. Sells 3,831 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Principal Financial Group Inc. reduced its stake in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 17.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 18,298 shares of the company’s stock after selling 3,831 shares during the period. Principal Financial Group Inc.’s holdings in Liberty Latin America were worth $175,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Liberty Latin America by 2.0% during the first quarter. Vanguard Group Inc. now owns 1,294,672 shares of the company’s stock valued at $9,024,000 after purchasing an additional 24,840 shares in the last quarter. Lazard Asset Management LLC increased its position in shares of Liberty Latin America by 186.5% during the 1st quarter. Lazard Asset Management LLC now owns 29,716 shares of the company’s stock valued at $206,000 after purchasing an additional 19,345 shares during the last quarter. Virtu Financial LLC raised its holdings in shares of Liberty Latin America by 7.7% during the 1st quarter. Virtu Financial LLC now owns 121,594 shares of the company’s stock valued at $848,000 after buying an additional 8,730 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in Liberty Latin America by 304.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock worth $149,000 after buying an additional 16,215 shares during the last quarter. Finally, Genesis Investment Management LLP boosted its stake in Liberty Latin America by 3.3% in the second quarter. Genesis Investment Management LLP now owns 652,316 shares of the company’s stock worth $6,269,000 after buying an additional 20,580 shares in the last quarter. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Trading Up 5.2 %

Shares of LILA stock opened at $7.48 on Tuesday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. The business has a 50-day moving average of $9.10 and a 200 day moving average of $9.20. The stock has a market capitalization of $1.47 billion, a PE ratio of -2.55 and a beta of 1.12. Liberty Latin America Ltd. has a 1-year low of $5.90 and a 1-year high of $10.81.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group downgraded shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

Liberty Latin America Company 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.