Rhumbline Advisers Sells 4,999 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Rhumbline Advisers trimmed its stake in Liberty Latin America Ltd. (NASDAQ:LILAK) by 2.1% in the second quarter, HoldingsChannel.com reports. The firm owned 229,127 shares of the company’s stock after selling 4,999 shares during the period. Rhumbline Advisers’ holdings in Liberty Latin America were worth $2,204,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in shares of Liberty Latin America by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,758,415 shares of the company’s stock worth $27,587,000 after acquiring an additional 120,234 shares in the last quarter. DAVENPORT & Co LLC increased its position in Liberty Latin America by 8.9% in the 1st quarter. DAVENPORT & Co LLC now owns 3,559,940 shares of the company’s stock valued at $24,884,000 after buying an additional 291,155 shares in the last quarter. Vanguard Group Inc. increased its position in Liberty Latin America by 6.4% in the 1st quarter. Vanguard Group Inc. now owns 3,271,414 shares of the company’s stock valued at $22,867,000 after buying an additional 197,988 shares in the last quarter. Genesis Investment Management LLP raised its stake in Liberty Latin America by 39.4% during the 2nd quarter. Genesis Investment Management LLP now owns 2,609,237 shares of the company’s stock worth $25,101,000 after buying an additional 737,883 shares during the period. Finally, Banco Santander S.A. bought a new position in Liberty Latin America in the second quarter worth approximately $13,188,000. 52.98% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. StockNews.com downgraded Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th. The Goldman Sachs Group restated a “neutral” rating and set a $10.50 price target (up previously from $9.30) on shares of Liberty Latin America in a research note on Wednesday, September 4th. Finally, Pivotal Research dropped their price objective on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, August 12th.

Liberty Latin America Stock Performance

Shares of LILAK opened at $9.58 on Friday. The firm has a market capitalization of $1.89 billion, a P/E ratio of -319.33 and a beta of 1.14. Liberty Latin America Ltd. has a 52 week low of $5.95 and a 52 week high of $10.93. The stock has a 50 day moving average price of $9.71 and a two-hundred day moving average price of $8.58.

Liberty Latin America (NASDAQ:LILAK) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.14). The company had revenue of $1.12 billion during the quarter.

Insider Activity

In other Liberty Latin America news, Director Brendan J. Paddick bought 150,000 shares of the business’s stock in a transaction dated Monday, June 24th. The shares were purchased at an average price of $9.10 per share, for a total transaction of $1,365,000.00. Following the purchase, the director now directly owns 1,036,108 shares of the company’s stock, valued at $9,428,582.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Brendan J. Paddick purchased 150,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was bought at an average price of $9.10 per share, for a total transaction of $1,365,000.00. Following the purchase, the director now directly owns 1,036,108 shares in the company, valued at approximately $9,428,582.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dustin Henderson sold 5,906 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total value of $59,060.00. Following the completion of the transaction, the insider now owns 1,600 shares in the company, valued at approximately $16,000. The disclosure for this sale can be found here. 9.66% of the stock is currently owned by corporate insiders.

Liberty Latin America Company 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.