Raymond James & Associates Trims Stock Position in Liberty Latin America Ltd. (NASDAQ:LILA)

Raymond James & Associates cut its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILA) by 0.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 153,723 shares of the company’s stock after selling 950 shares during the quarter. Raymond James & Associates’ holdings in Liberty Latin America were worth $2,011,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in Liberty Latin America by 4.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,259,783 shares of the company’s stock worth $31,321,000 after buying an additional 99,995 shares during the period. Vanguard Group Inc. lifted its position in Liberty Latin America by 6.7% during the second quarter. Vanguard Group Inc. now owns 1,349,816 shares of the company’s stock worth $18,709,000 after buying an additional 84,774 shares during the period. State Street Corp lifted its position in Liberty Latin America by 3.1% during the second quarter. State Street Corp now owns 1,005,875 shares of the company’s stock worth $13,941,000 after buying an additional 30,670 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Liberty Latin America by 2.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 564,716 shares of the company’s stock worth $7,827,000 after buying an additional 15,486 shares during the period. Finally, Morgan Stanley lifted its position in Liberty Latin America by 60.6% during the second quarter. Morgan Stanley now owns 403,860 shares of the company’s stock worth $5,598,000 after buying an additional 152,393 shares during the period. Hedge funds and other institutional investors own 15.10% of the company’s stock.

In related news, Director Paul A. Gould bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 7th. The shares were acquired at an average cost of $11.89 per share, for a total transaction of $118,900.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Christopher J. Noyes bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 30th. The shares were bought at an average price of $11.39 per share, for a total transaction of $56,950.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 23,800 shares of company stock worth $275,378. Company insiders own 9.71% of the company’s stock.

Liberty Latin America stock opened at $11.36 on Friday. The stock’s 50-day moving average is $11.90 and its 200-day moving average is $12.84. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 18.93 and a beta of 1.42. Liberty Latin America Ltd. has a 12 month low of $9.97 and a 12 month high of $14.79.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Tuesday, November 2nd. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.41. The firm had revenue of $1.19 billion during the quarter. During the same quarter last year, the business posted ($0.46) EPS. Analysts expect that Liberty Latin America Ltd. will post 0.82 EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded Liberty Latin America from a “buy” rating to a “hold” rating in a report on Wednesday, January 5th.

Liberty Latin America Profile

Liberty Latin America Ltd. is a holding company, which engages in the provision of fixed, mobile and subsea telecommunications services. It operates through the following segments: C&W Caribbean and Networks, VTR/Cabletica, C&W Panama, and Liberty Puerto Rico. The C&W Caribbean and Networks segment provides video, broadband, telephony, and mobile services.

Recommended Story: What causes a recession?

Want to see what other hedge funds are holding LILA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Latin America Ltd. (NASDAQ:LILA).

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

Receive News & Ratings for Liberty Latin America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Latin America and related companies with MarketBeat.com's FREE daily email newsletter.