Prudential Financial Inc. Cuts Stock Position in Liberty Latin America Ltd. (NASDAQ:LILA)

Prudential Financial Inc. decreased its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 246,780 shares of the company’s stock after selling 25,200 shares during the quarter. Prudential Financial Inc. owned about 0.13% of Liberty Latin America worth $1,570,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LILA. Barclays PLC increased its holdings in shares of Liberty Latin America by 81.6% in the 3rd quarter. Barclays PLC now owns 70,419 shares of the company’s stock worth $675,000 after buying an additional 31,642 shares during the last quarter. FMR LLC increased its stake in Liberty Latin America by 60,327.0% during the third quarter. FMR LLC now owns 2,160,869 shares of the company’s stock worth $20,701,000 after acquiring an additional 2,157,293 shares during the last quarter. UMB Bank n.a. raised its position in Liberty Latin America by 2,129.7% during the fourth quarter. UMB Bank n.a. now owns 169,415 shares of the company’s stock valued at $1,077,000 after purchasing an additional 161,817 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Liberty Latin America by 48.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,399 shares of the company’s stock valued at $205,000 after purchasing an additional 6,999 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Liberty Latin America by 5.1% in the 4th quarter. Empowered Funds LLC now owns 200,090 shares of the company’s stock worth $1,273,000 after purchasing an additional 9,627 shares during the period. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Analysts Set New Price Targets

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

Liberty Latin America Stock Down 7.9 %

Shares of NASDAQ LILA opened at $5.69 on Friday. Liberty Latin America Ltd. has a 1 year low of $5.56 and a 1 year high of $10.82. The firm has a 50-day simple moving average of $6.71 and a two-hundred day simple moving average of $7.49. The company has a market cap of $1.12 billion, a P/E ratio of -1.70 and a beta of 0.85. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.04 and a quick ratio of 1.06.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share (EPS) for the quarter. The business had revenue of $1.15 billion for 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%. Research analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

About Liberty Latin America

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.