Principal Financial Group Inc. Sells 3,831 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Principal Financial Group Inc. decreased its position in Liberty Latin America Ltd. (NASDAQ:LILA) by 17.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 18,298 shares of the company’s stock after selling 3,831 shares during the period. Principal Financial Group Inc.’s holdings in Liberty Latin America were worth $175,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new stake in Liberty Latin America in the third quarter worth about $104,000. SG Americas Securities LLC bought a new stake in shares of Liberty Latin America in the 3rd quarter worth approximately $120,000. Ground Swell Capital LLC purchased a new stake in shares of Liberty Latin America in the 2nd quarter worth approximately $122,000. Wilmington Savings Fund Society FSB bought a new position in Liberty Latin America during the 3rd quarter valued at approximately $163,000. Finally, XTX Topco Ltd raised its stake in Liberty Latin America by 78.2% during the second quarter. XTX Topco Ltd now owns 20,614 shares of the company’s stock valued at $198,000 after buying an additional 9,045 shares during the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Liberty Latin America Stock Performance

Shares of LILA stock opened at $6.71 on Wednesday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -2.29 and a beta of 1.04. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. Liberty Latin America Ltd. has a one year low of $5.90 and a one year high of $10.81. The company’s 50-day moving average is $7.16 and its 200 day moving average is $8.76.

Insider Activity at Liberty Latin America

In related news, Director Brendan J. Paddick acquired 35,475 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average cost of $7.04 per share, with a total value of $249,744.00. Following the completion of the acquisition, the director now directly owns 1,273,443 shares of the company’s stock, valued at approximately $8,965,038.72. This trade represents a 2.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have acquired 156,298 shares of company stock valued at $1,043,886 over the last ninety days. Insiders own 11.35% of the company’s stock.

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.