Dimensional Fund Advisors LP Reduces Stock Holdings in Liberty Latin America Ltd. (NASDAQ:LILAK)

Dimensional Fund Advisors LP reduced its holdings in shares of Liberty Latin America Ltd. (NASDAQ:LILAK) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,441,992 shares of the company’s stock after selling 182,748 shares during the period. Dimensional Fund Advisors LP’s holdings in Liberty Latin America were worth $59,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LILAK. Charles Schwab Investment Management Inc. increased its holdings in shares of Liberty Latin America by 28.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,929,978 shares of the company’s stock valued at $24,916,000 after acquiring an additional 869,420 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Liberty Latin America during the 4th quarter valued at approximately $3,177,000. Norges Bank purchased a new position in shares of Liberty Latin America in the fourth quarter worth $3,134,000. Renaissance Technologies LLC lifted its stake in shares of Liberty Latin America by 81.3% during the fourth quarter. Renaissance Technologies LLC now owns 664,352 shares of the company’s stock worth $4,212,000 after buying an additional 297,852 shares during the period. Finally, DAVENPORT & Co LLC increased its position in shares of Liberty Latin America by 9.5% in the 4th quarter. DAVENPORT & Co LLC now owns 3,067,979 shares of the company’s stock valued at $19,451,000 after acquiring an additional 266,301 shares during the period. 52.98% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Stock Performance

Shares of LILAK opened at $5.36 on Friday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50-day moving average of $6.07 and a two-hundred day moving average of $6.85. The stock has a market cap of $1.06 billion, a P/E ratio of -1.60 and a beta of 0.83. Liberty Latin America Ltd. has a one year low of $5.10 and a one year high of $10.93.

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

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.