Wittenberg Investment Management Inc. Sells 58,635 Shares of Liberty Latin America Ltd. (NASDAQ:LILA)

Wittenberg Investment Management Inc. trimmed its stake in Liberty Latin America Ltd. (NASDAQ:LILA) by 6.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 794,736 shares of the company’s stock after selling 58,635 shares during the period. Liberty Latin America comprises about 2.5% of Wittenberg Investment Management Inc.’s investment portfolio, making the stock its 11th biggest position. Wittenberg Investment Management Inc. owned about 0.40% of Liberty Latin America worth $7,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in shares of Liberty Latin America in the 3rd quarter worth approximately $104,000. SG Americas Securities LLC bought a new position in Liberty Latin America in the third quarter worth $120,000. Ground Swell Capital LLC acquired a new stake in Liberty Latin America during the second quarter worth $122,000. XTX Topco Ltd increased its holdings in Liberty Latin America by 78.2% in the 2nd quarter. XTX Topco Ltd now owns 20,614 shares of the company’s stock valued at $198,000 after buying an additional 9,045 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Liberty Latin America by 304.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock valued at $149,000 after buying an additional 16,215 shares in the last quarter. 18.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Liberty Latin America Price Performance

Shares of NASDAQ:LILA opened at $7.11 on Monday. The business’s fifty day moving average price is $9.10 and its two-hundred day moving average price is $9.20. Liberty Latin America Ltd. has a fifty-two week low of $5.90 and a fifty-two week high of $10.81. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 4.31.

Liberty Latin America Company 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.