Bank of New York Mellon Corp Sells 1,789 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Bank of New York Mellon Corp reduced its stake in Liberty Latin America Ltd. (NASDAQ:LILA) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,918 shares of the company’s stock after selling 1,789 shares during the period. Bank of New York Mellon Corp owned approximately 0.05% of Liberty Latin America worth $661,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Intech Investment Management LLC acquired a new position in Liberty Latin America in the 3rd quarter valued at $104,000. FMR LLC raised its stake in Liberty Latin America by 60,327.0% in the third quarter. FMR LLC now owns 2,160,869 shares of the company’s stock valued at $20,701,000 after purchasing an additional 2,157,293 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Liberty Latin America by 48.6% during the third quarter. BNP Paribas Financial Markets now owns 21,399 shares of the company’s stock worth $205,000 after purchasing an additional 6,999 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Liberty Latin America by 143.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,857 shares of the company’s stock worth $890,000 after buying an additional 54,787 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in Liberty Latin America during the third quarter worth about $241,000. 18.48% of the stock is currently owned by institutional investors.

Liberty Latin America Price Performance

Shares of LILA stock opened at $6.61 on Thursday. The business has a fifty day simple moving average of $6.78 and a 200 day simple moving average of $7.64. The company has a market cap of $1.30 billion, a P/E ratio of -1.98 and a beta of 1.01. The company has a quick ratio of 1.06, a current ratio of 1.04 and a debt-to-equity ratio of 4.68. Liberty Latin America Ltd. has a twelve month low of $5.94 and a twelve month high of $10.82.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. On average, sell-side analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $8.00 to $6.50 in a report on Tuesday, February 25th.

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.