Prudential Financial Inc. Has $3.75 Million Stake in Liberty Latin America Ltd. (NASDAQ:LILAK)

Prudential Financial Inc. lessened its position in Liberty Latin America Ltd. (NASDAQ:LILAK) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 590,994 shares of the company’s stock after selling 40,100 shares during the period. Prudential Financial Inc. owned 0.30% of Liberty Latin America worth $3,747,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LILAK. Bleakley Financial Group LLC acquired a new position in shares of Liberty Latin America in the fourth quarter valued at approximately $65,000. Sargent Investment Group LLC bought a new stake in Liberty Latin America during the 4th quarter worth approximately $69,000. KBC Group NV increased its position in Liberty Latin America by 62.5% in the 4th quarter. KBC Group NV now owns 11,879 shares of the company’s stock valued at $75,000 after acquiring an additional 4,571 shares during the period. MassMutual Private Wealth & Trust FSB bought a new position in shares of Liberty Latin America during the fourth quarter valued at $94,000. Finally, Net Worth Advisory Group acquired a new position in shares of Liberty Latin America during the fourth quarter worth $112,000. 52.98% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Liberty Latin America Stock Performance

LILAK opened at $6.21 on Wednesday. Liberty Latin America Ltd. has a twelve month low of $5.88 and a twelve month high of $10.93. The company has a fifty day moving average of $6.71 and a 200-day moving average of $7.49. The stock has a market cap of $1.22 billion, a PE ratio of -1.86 and a beta of 1.01. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31.

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

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.