S&CO Inc. Has $7.02 Million Stake in Liberty Latin America Ltd. $LILA

S&CO Inc. trimmed its stake in Liberty Latin America Ltd. (NASDAQ:LILA) by 25.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,150,751 shares of the company’s stock after selling 401,112 shares during the period. S&CO Inc. owned about 0.58% of Liberty Latin America worth $7,019,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fourth Sail Capital LP acquired a new stake in shares of Liberty Latin America in the 1st quarter valued at $8,977,000. Hsbc Holdings PLC increased its position in shares of Liberty Latin America by 30.1% during the 1st quarter. Hsbc Holdings PLC now owns 520,902 shares of the company’s stock worth $3,318,000 after purchasing an additional 120,548 shares in the last quarter. Nuveen LLC bought a new position in Liberty Latin America during the 1st quarter valued at about $655,000. Trexquant Investment LP acquired a new position in Liberty Latin America in the first quarter valued at about $542,000. Finally, XTX Topco Ltd bought a new stake in Liberty Latin America during the first quarter worth about $246,000. 18.48% of the stock is owned by institutional investors.

Liberty Latin America Stock Down 7.4%

Shares of NASDAQ LILA opened at $7.86 on Monday. Liberty Latin America Ltd. has a 12-month low of $4.25 and a 12-month high of $8.94. The firm’s 50-day simple moving average is $8.00 and its 200 day simple moving average is $6.79. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -2.13 and a beta of 1.06.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.08. Liberty Latin America had a negative net margin of 16.57% and a negative return on equity of 54.11%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.09 billion. On average, research analysts expect that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Liberty Latin America presently has an average rating of “Hold” and an average target price of $6.50.

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.