Bank of New York Mellon Corp Has $2.75 Million Stock Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

Bank of New York Mellon Corp trimmed its stake in Liberty Latin America Ltd. (NASDAQ:LILAK) by 4.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 434,408 shares of the company’s stock after selling 20,121 shares during the period. Bank of New York Mellon Corp’s holdings in Liberty Latin America were worth $2,754,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LILAK. FMR LLC increased its position in Liberty Latin America by 69.2% in the 3rd quarter. FMR LLC now owns 15,600,000 shares of the company’s stock worth $148,044,000 after buying an additional 6,379,203 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Liberty Latin America by 24.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock valued at $29,045,000 after purchasing an additional 600,689 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in shares of Liberty Latin America by 9.5% during the fourth quarter. DAVENPORT & Co LLC now owns 3,067,979 shares of the company’s stock worth $19,451,000 after buying an additional 266,301 shares in the last quarter. UMB Bank n.a. boosted its stake in Liberty Latin America by 970.4% in the fourth quarter. UMB Bank n.a. now owns 282,937 shares of the company’s stock worth $1,794,000 after purchasing an additional 256,504 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Liberty Latin America during the third quarter worth $1,041,000. 52.98% of the stock is owned by institutional investors.

Liberty Latin America Trading Down 0.6 %

NASDAQ LILAK opened at $6.83 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31. The company has a market capitalization of $1.34 billion, a PE ratio of -2.04 and a beta of 1.01. The stock has a 50-day simple moving average of $6.72 and a 200 day simple moving average of $7.67. Liberty Latin America Ltd. has a 12 month low of $5.88 and a 12 month high of $10.93.

Liberty Latin America (NASDAQ:LILAK) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($1.05). Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion.

Insider Transactions at Liberty Latin America

In other news, Director Brendan J. Paddick bought 18,011 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of $6.12 per share, with a total value of $110,227.32. Following the transaction, the director now owns 1,437,518 shares in the company, valued at $8,797,610.16. This represents a 1.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.66% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, The Goldman Sachs Group reduced their target price on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th.

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.