State of New Jersey Common Pension Fund D Lowers Stock Position in Liberty Latin America Ltd. (NASDAQ:LILA)

State of New Jersey Common Pension Fund D cut its holdings in Liberty Latin America Ltd. (NASDAQ:LILA) by 3.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 208,140 shares of the company’s stock after selling 7,620 shares during the period. State of New Jersey Common Pension Fund D owned 0.11% of Liberty Latin America worth $1,994,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its holdings in Liberty Latin America by 7.4% in the 2nd quarter. Principal Financial Group Inc. now owns 22,129 shares of the company’s stock worth $213,000 after purchasing an additional 1,523 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Liberty Latin America by 0.9% in the 2nd quarter. Mackenzie Financial Corp now owns 230,571 shares of the company’s stock worth $2,216,000 after purchasing an additional 2,007 shares in the last quarter. American Century Companies Inc. lifted its holdings in Liberty Latin America by 13.6% in the 2nd quarter. American Century Companies Inc. now owns 46,033 shares of the company’s stock worth $442,000 after purchasing an additional 5,499 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Liberty Latin America by 80.8% in the 1st quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock worth $117,000 after purchasing an additional 7,494 shares in the last quarter. Finally, Searchlight Capital Partners L.P. lifted its holdings in Liberty Latin America by 21.6% in the 1st quarter. Searchlight Capital Partners L.P. now owns 42,348 shares of the company’s stock worth $295,000 after purchasing an additional 7,531 shares in the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group cut Liberty Latin America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 4th.

Liberty Latin America Stock Performance

NASDAQ:LILA opened at $6.47 on Friday. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. Liberty Latin America Ltd. has a 1 year low of $5.90 and a 1 year high of $10.81. The stock’s 50 day simple moving average is $9.33 and its two-hundred day simple moving average is $9.23. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -2.21 and a beta of 1.12.

Insiders Place Their Bets

In other news, CAO Brian D. Zook sold 26,197 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total transaction of $250,967.26. Following the transaction, the chief accounting officer now owns 28,788 shares of the company’s stock, valued at approximately $275,789.04. The trade was a 47.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 11.35% of the company’s stock.

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.