Principal Financial Group Inc. Sells 3,831 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Principal Financial Group Inc. cut its stake in Liberty Latin America Ltd. (NASDAQ:LILA) by 17.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,298 shares of the company’s stock after selling 3,831 shares during the quarter. Principal Financial Group Inc.’s holdings in Liberty Latin America were worth $175,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Liberty Latin America in the 3rd quarter worth approximately $120,000. Ground Swell Capital LLC purchased a new stake in shares of Liberty Latin America during the second quarter valued at approximately $122,000. XTX Topco Ltd boosted its stake in Liberty Latin America by 78.2% during the 2nd quarter. XTX Topco Ltd now owns 20,614 shares of the company’s stock valued at $198,000 after purchasing an additional 9,045 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Liberty Latin America by 304.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock worth $149,000 after buying an additional 16,215 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Liberty Latin America by 186.5% during the first quarter. Lazard Asset Management LLC now owns 29,716 shares of the company’s stock valued at $206,000 after purchasing an additional 19,345 shares during the last quarter. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Stock Up 5.2 %

LILA stock opened at $7.48 on Tuesday. The business’s 50-day moving average price is $9.10 and its 200-day moving average price is $9.20. The stock has a market cap of $1.47 billion, a P/E ratio of -2.55 and a beta of 1.12. Liberty Latin America Ltd. has a twelve month low of $5.90 and a twelve month high of $10.81. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31.

Wall Street Analysts Forecast Growth

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

About Liberty Latin America

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.