Oppenheimer Asset Management Inc. Sells 2,173 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Oppenheimer Asset Management Inc. lowered its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,817 shares of the company’s stock after selling 2,173 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Liberty Latin America were worth $195,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LILAK. FMR LLC boosted its position in Liberty Latin America by 69.2% during the third quarter. FMR LLC now owns 15,600,000 shares of the company’s stock valued at $148,044,000 after acquiring an additional 6,379,203 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Liberty Latin America by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock valued at $32,073,000 after purchasing an additional 39,711 shares during the period. State Street Corp boosted its position in shares of Liberty Latin America by 0.4% during the 3rd quarter. State Street Corp now owns 3,290,866 shares of the company’s stock valued at $31,230,000 after purchasing an additional 11,510 shares in the last quarter. DAVENPORT & Co LLC boosted its position in shares of Liberty Latin America by 9.5% during the 4th quarter. DAVENPORT & Co LLC now owns 3,067,979 shares of the company’s stock valued at $19,451,000 after purchasing an additional 266,301 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Liberty Latin America by 24.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock worth $29,045,000 after purchasing an additional 600,689 shares during the period. 52.98% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Brendan J. Paddick acquired 18,011 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average cost of $6.12 per share, with a total value of $110,227.32. Following the acquisition, the director now directly owns 1,437,518 shares of the company’s stock, valued at $8,797,610.16. The trade was a 1.27 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 9.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. The Goldman Sachs Group dropped their price target on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th. Scotiabank dropped their target price on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research report on Friday, November 8th.

Liberty Latin America Stock Performance

Shares of Liberty Latin America stock opened at $6.85 on Friday. The business has a 50-day simple moving average of $6.67 and a 200 day simple moving average of $7.86. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -2.05 and a beta of 1.02. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. Liberty Latin America Ltd. has a one year low of $5.88 and a one year high of $10.93.

Liberty Latin America (NASDAQ:LILAK) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.15 by ($1.05). Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%. The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion.

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.