S&CO Inc. Lowers Stake in Liberty Latin America Ltd. $LILA

S&CO Inc. decreased its position in Liberty Latin America Ltd. (NASDAQ:LILA) by 14.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 983,226 shares of the company’s stock after selling 167,525 shares during the quarter. S&CO Inc. owned 0.49% of Liberty Latin America worth $8,150,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in shares of Liberty Latin America in the first quarter valued at $34,000. CWM LLC boosted its holdings in Liberty Latin America by 80.7% during the 3rd quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after acquiring an additional 2,897 shares during the period. Corton Capital Inc. acquired a new position in Liberty Latin America in the 2nd quarter valued at about $66,000. Covestor Ltd increased its stake in Liberty Latin America by 6,532.0% during the third quarter. Covestor Ltd now owns 8,290 shares of the company’s stock worth $69,000 after purchasing an additional 8,165 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in shares of Liberty Latin America during the first quarter worth about $104,000. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Liberty Latin America Stock Up 1.4%

LILA stock opened at $8.11 on Tuesday. The company’s 50 day moving average price is $7.75 and its 200 day moving average price is $7.86. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -2.20 and a beta of 1.01. Liberty Latin America Ltd. has a fifty-two week low of $4.25 and a fifty-two week high of $9.04. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LILA. Benchmark lifted their price objective on shares of Liberty Latin America from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Liberty Latin America currently has an average rating of “Reduce” and an average price target of $9.75.

About Liberty Latin America

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.