Long Focus Capital Management LLC Sells 50,000 Shares of Liberty Latin America Ltd. (NASDAQ:LILAK)

Long Focus Capital Management LLC reduced its stake in Liberty Latin America Ltd. (NASDAQ:LILAK) by 2.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,803,600 shares of the company’s stock after selling 50,000 shares during the quarter. Liberty Latin America accounts for 0.7% of Long Focus Capital Management LLC’s portfolio, making the stock its 25th largest position. Long Focus Capital Management LLC owned approximately 0.91% of Liberty Latin America worth $17,351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased its stake in Liberty Latin America by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 24,721 shares of the company’s stock valued at $173,000 after buying an additional 1,944 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Liberty Latin America by 29.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company’s stock worth $132,000 after acquiring an additional 3,150 shares in the last quarter. Principal Financial Group Inc. boosted its position in Liberty Latin America by 6.7% during the second quarter. Principal Financial Group Inc. now owns 66,269 shares of the company’s stock valued at $638,000 after purchasing an additional 4,180 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Liberty Latin America by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 110,116 shares of the company’s stock valued at $770,000 after purchasing an additional 4,487 shares during the last quarter. Finally, Headlands Technologies LLC bought a new position in Liberty Latin America in the first quarter valued at approximately $41,000. 52.98% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Brian D. Zook sold 26,197 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total transaction of $250,967.26. Following the completion of the sale, the chief accounting officer now owns 28,788 shares of the company’s stock, valued at $275,789.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Liberty Latin America news, insider Dustin Henderson sold 5,906 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $10.00, for a total value of $59,060.00. Following the completion of the sale, the insider now owns 1,600 shares of the company’s stock, valued at $16,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian D. Zook sold 26,197 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total value of $250,967.26. Following the transaction, the chief accounting officer now directly owns 28,788 shares in the company, valued at $275,789.04. The disclosure for this sale can be found here. Company insiders own 9.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on LILAK shares. Pivotal Research decreased their price objective on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 12th. StockNews.com downgraded Liberty Latin America from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $10.50 price objective (up from $9.30) on shares of Liberty Latin America in a research report on Wednesday, September 4th.

Liberty Latin America Stock Performance

LILAK opened at $9.61 on Friday. The firm has a market cap of $1.90 billion, a P/E ratio of -320.33 and a beta of 1.14. The business’s fifty day moving average is $9.65 and its 200-day moving average is $8.68. Liberty Latin America Ltd. has a 52-week low of $5.95 and a 52-week high of $10.93.

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

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.