The Manufacturers Life Insurance Company Decreases Stock Position in Liberty Latin America Ltd. (NASDAQ:LILA)

The Manufacturers Life Insurance Company trimmed its position in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 29.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,745 shares of the company’s stock after selling 4,983 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Liberty Latin America were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of Liberty Latin America by 80.8% during the 1st quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock worth $117,000 after purchasing an additional 7,494 shares during the period. Ground Swell Capital LLC bought a new position in shares of Liberty Latin America during the second quarter valued at approximately $122,000. Principal Financial Group Inc. purchased a new stake in shares of Liberty Latin America in the first quarter worth approximately $144,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Liberty Latin America by 304.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock worth $149,000 after acquiring an additional 16,215 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in Liberty Latin America by 78.2% during the 2nd quarter. XTX Topco Ltd now owns 20,614 shares of the company’s stock valued at $198,000 after acquiring an additional 9,045 shares during the period. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Stock Up 0.8 %

Shares of NASDAQ LILA opened at $10.14 on Monday. Liberty Latin America Ltd. has a 52-week low of $5.90 and a 52-week high of $10.81. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -338.00 and a beta of 1.13. The stock has a 50 day moving average price of $9.55 and a 200 day moving average price of $9.03. The company has a debt-to-equity ratio of 3.46, a quick ratio of 1.09 and a current ratio of 1.09.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on LILA. The Goldman Sachs Group lowered Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Scotiabank downgraded shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th.

Insiders Place Their Bets

In other Liberty Latin America news, CAO Brian D. Zook sold 26,197 shares of the firm’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 owns 28,788 shares of the company’s stock, valued at approximately $275,789.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.35% of the stock is owned by company insiders.

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.