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

Principal Financial Group Inc. reduced its stake in Liberty Latin America Ltd. (NASDAQ:LILA) by 17.3% during 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 quarter. Principal Financial Group Inc.’s holdings in Liberty Latin America were worth $175,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in shares of Liberty Latin America by 11.0% in the second quarter. Bank of New York Mellon Corp now owns 135,083 shares of the company’s stock worth $1,298,000 after purchasing an additional 13,406 shares in the last quarter. Ground Swell Capital LLC bought a new position in Liberty Latin America in the 2nd quarter worth approximately $122,000. State of New Jersey Common Pension Fund D purchased a new position in Liberty Latin America in the 2nd quarter valued at approximately $2,073,000. American Century Companies Inc. raised its holdings in Liberty Latin America by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 46,033 shares of the company’s stock valued at $442,000 after acquiring an additional 5,499 shares during the period. Finally, Virtu Financial LLC lifted its position 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 acquiring an additional 210,483 shares in the last quarter. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Price Performance

Liberty Latin America stock opened at $6.71 on Wednesday. The firm has a market capitalization of $1.32 billion, a P/E ratio of -2.29 and a beta of 1.04. Liberty Latin America Ltd. has a one year low of $5.90 and a one year high of $10.81. 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 fifty day moving average price of $7.16 and a 200-day moving average price of $8.76.

Insider Transactions at Liberty Latin America

In other Liberty Latin America news, Director Brendan J. Paddick bought 18,011 shares of Liberty Latin America stock in a transaction that occurred on Monday, December 23rd. The stock was acquired at an average cost of $6.12 per share, for a total transaction of $110,227.32. Following the completion of the transaction, the director now directly owns 1,437,518 shares in the company, valued at $8,797,610.16. This represents a 1.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Over the last quarter, insiders have bought 156,298 shares of company stock valued at $1,043,886. 11.35% of the stock is currently owned by company insiders.

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.