Berkshire Hathaway Inc Decreases Stake in Liberty Latin America Ltd. $LILA

Berkshire Hathaway Inc lessened its stake in Liberty Latin America Ltd. (NASDAQ:LILA) by 8.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,396,665 shares of the company’s stock after selling 234,127 shares during the quarter. Berkshire Hathaway Inc owned about 1.20% of Liberty Latin America worth $17,711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LILA. Rubric Capital Management LP purchased a new position in Liberty Latin America in the 3rd quarter worth approximately $14,450,000. Oaktree Capital Management LP purchased a new position in Liberty Latin America in the 3rd quarter worth approximately $7,017,000. Goldman Sachs Group Inc. boosted its holdings in Liberty Latin America by 318.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock worth $6,948,000 after acquiring an additional 715,641 shares during the period. Virtu Financial LLC boosted its holdings in Liberty Latin America by 52.2% in the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock worth $11,704,000 after acquiring an additional 484,016 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Liberty Latin America by 604.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock worth $2,430,000 after acquiring an additional 341,794 shares during the period. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.00.

Liberty Latin America Stock Down 32.0%

NASDAQ LILA opened at $5.30 on Thursday. The stock has a market cap of $1.07 billion, a PE ratio of -2.14 and a beta of 0.74. Liberty Latin America Ltd. has a fifty-two week low of $5.20 and a fifty-two week high of $9.04. The business has a 50 day moving average price of $7.92 and a two-hundred day moving average price of $7.89. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Thursday, May 7th. The company reported ($0.11) 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 analysts’ expectations of $1.09 billion. Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. As a group, sell-side analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Insider Activity at Liberty Latin America

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

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.