Liberty Latin America Ltd (LILA) Shares Sold by Hosking Partners LLP

Hosking Partners LLP lowered its stake in Liberty Latin America Ltd (NASDAQ:LILA) by 0.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 278,946 shares of the company’s stock after selling 1,457 shares during the period. Hosking Partners LLP’s holdings in Liberty Latin America were worth $5,395,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Bank of Montreal Can bought a new position in Liberty Latin America during the fourth quarter worth $25,000. State Board of Administration of Florida Retirement System raised its stake in Liberty Latin America by 6.6% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 11,464 shares of the company’s stock worth $166,000 after buying an additional 713 shares during the last quarter. Squarepoint Ops LLC bought a new position in Liberty Latin America during the fourth quarter worth $186,000. BNP Paribas Arbitrage SA raised its stake in Liberty Latin America by 247.4% during the first quarter. BNP Paribas Arbitrage SA now owns 10,349 shares of the company’s stock worth $200,000 after buying an additional 7,370 shares during the last quarter. Finally, Citigroup Inc. raised its stake in Liberty Latin America by 17.5% during the fourth quarter. Citigroup Inc. now owns 14,140 shares of the company’s stock worth $205,000 after buying an additional 2,110 shares during the last quarter. Hedge funds and other institutional investors own 19.82% of the company’s stock.

In other Liberty Latin America news, insider Balan Nair bought 14,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was bought at an average cost of $17.83 per share, with a total value of $249,620.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher J. Noyes bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average cost of $17.91 per share, with a total value of $179,100.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 37,150 shares of company stock valued at $677,913. Insiders own 13.82% of the company’s stock.

A number of brokerages recently weighed in on LILA. Zacks Investment Research downgraded shares of Liberty Latin America from a “buy” rating to a “hold” rating in a research note on Tuesday. TheStreet raised shares of Liberty Latin America from a “d+” rating to a “c” rating in a research note on Tuesday, May 7th. Finally, Macquarie raised shares of Liberty Latin America from a “neutral” rating to an “outperform” rating and set a $26.00 price target for the company in a research note on Thursday, April 4th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $25.67.

LILA opened at $18.00 on Wednesday. Liberty Latin America Ltd has a 1-year low of $13.96 and a 1-year high of $22.33. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of -9.05 and a beta of 1.88.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.28). The business had revenue of $942.70 million for the quarter. On average, equities research analysts predict that Liberty Latin America Ltd will post 0.56 EPS for the current year.

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About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. It offers communications and entertainment services, including video, broadband Internet, fixed-line telephony, and mobile 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.

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Institutional Ownership by Quarter for Liberty Latin America (NASDAQ:LILA)

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