Cook & Bynum Capital Management LLC Sells 206,644 Shares of Liberty Latin America Ltd. $LILA

Cook & Bynum Capital Management LLC lowered its stake in Liberty Latin America Ltd. (NASDAQ:LILA) by 59.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,721 shares of the company’s stock after selling 206,644 shares during the quarter. Liberty Latin America comprises about 0.9% of Cook & Bynum Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Cook & Bynum Capital Management LLC owned about 0.07% of Liberty Latin America worth $1,047,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of LILA. AQR Capital Management LLC acquired a new position in Liberty Latin America in the first quarter valued at about $104,000. Empowered Funds LLC lifted its position in Liberty Latin America by 7.3% in the first quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock valued at $1,359,000 after buying an additional 14,547 shares during the last quarter. Jane Street Group LLC lifted its position in Liberty Latin America by 230.6% in the first quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock valued at $314,000 after buying an additional 34,640 shares during the last quarter. Strs Ohio acquired a new position in Liberty Latin America in the first quarter valued at about $34,000. Finally, Geode Capital Management LLC lifted its position in Liberty Latin America by 12.2% in the second quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock valued at $4,042,000 after buying an additional 71,873 shares during the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.00.

Insider Activity

In other Liberty Latin America news, CEO Balan Nair purchased 20,000 shares of Liberty Latin America stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $8.07 per share, with a total value of $161,400.00. Following the completion of the transaction, the chief executive officer owned 3,125,039 shares of the company’s stock, valued at $25,219,064.73. This trade represents a 0.64% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John C. Malone purchased 12,406,463 shares of Liberty Latin America stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the transaction, the director directly owned 21,173,018 shares of the company’s stock, valued at approximately $182,723,145.34. This represents a 141.52% increase in their position. The disclosure for this purchase is available in the SEC filing. 6.25% of the stock is currently owned by corporate insiders.

Liberty Latin America Stock Down 32.0%

Shares of LILA opened at $5.30 on Thursday. The stock has a market capitalization of $1.07 billion, a PE ratio of -2.14 and a beta of 0.74. Liberty Latin America Ltd. has a 1 year low of $5.20 and a 1 year high of $9.04. The company has a debt-to-equity ratio of 7.74, a quick ratio of 1.11 and a current ratio of 1.11. The company’s 50-day simple moving average is $7.92 and its 200-day simple moving average is $7.89.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%. Analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Liberty Latin America Profile

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.