Thrivent Financial for Lutherans Sells 5,114 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Thrivent Financial for Lutherans trimmed its holdings in Liberty Latin America Ltd. (NASDAQ:LILA) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 119,685 shares of the company’s stock after selling 5,114 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.06% of Liberty Latin America worth $1,150,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LILA. Gamco Investors INC. ET AL boosted its position in shares of Liberty Latin America by 21.3% during the first quarter. Gamco Investors INC. ET AL now owns 465,241 shares of the company’s stock worth $3,243,000 after acquiring an additional 81,627 shares during the last quarter. Banco Santander S.A. purchased a new position in shares of Liberty Latin America during the second quarter valued at about $5,203,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Liberty Latin America in the second quarter worth about $2,073,000. BNP Paribas Financial Markets lifted its position in shares of Liberty Latin America by 80.8% in the first quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock worth $117,000 after buying an additional 7,494 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Liberty Latin America by 304.6% during the first quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock valued at $149,000 after buying an additional 16,215 shares during the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Liberty Latin America Trading Up 2.2 %

Shares of LILA stock opened at $9.78 on Friday. The company has a market cap of $1.93 billion, a PE ratio of -326.00 and a beta of 1.13. Liberty Latin America Ltd. has a 1 year low of $5.90 and a 1 year high of $10.81. The stock’s 50 day simple moving average is $9.60 and its two-hundred day simple moving average is $8.83. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.09 and a quick ratio of 1.09.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share for the quarter. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Liberty Latin America had a negative net margin of 1.91% and a negative return on equity of 3.75%. During the same quarter in the previous year, the company posted $0.17 EPS. Research analysts predict that Liberty Latin America Ltd. will post -0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LILA. Scotiabank cut Liberty Latin America from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th. 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.

Insider Transactions at Liberty Latin America

In related news, CAO Brian D. Zook sold 26,197 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $9.58, for a total transaction of $250,967.26. Following the transaction, the chief accounting officer now directly owns 28,788 shares in the company, valued at approximately $275,789.04. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, insider Dustin Henderson sold 5,906 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total transaction of $59,060.00. Following the completion of the sale, the insider now directly owns 1,600 shares of the company’s stock, valued at approximately $16,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Brian D. Zook sold 26,197 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total transaction of $250,967.26. Following the completion of the transaction, the chief accounting officer now owns 28,788 shares in the company, valued at approximately $275,789.04. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 11.35% of the company’s stock.

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.