Liberty Latin America (NASDAQ:LILA) Trading Down 5.1% – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILA)’s share price dropped 5.1% on Friday . The company traded as low as $7.78 and last traded at $7.7850. Approximately 287,260 shares traded hands during trading, a decline of 15% from the average daily volume of 338,261 shares. The stock had previously closed at $8.20.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.00.

Liberty Latin America Price Performance

The company has a debt-to-equity ratio of 7.74, a quick ratio of 1.11 and a current ratio of 1.11. The stock’s 50 day moving average is $8.06 and its two-hundred day moving average is $7.96. The stock has a market capitalization of $1.59 billion, a PE ratio of -3.19 and a beta of 0.75.

Liberty Latin America shares are scheduled to split on Monday, June 1st. The 11-10 split was recently announced. The newly issued shares will be distributed to shareholders after the closing bell on Sunday, May 31st.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly 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 during the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%. On average, equities analysts anticipate that Liberty Latin America Ltd. will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Balan Nair acquired 20,000 shares of Liberty Latin America stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the purchase, the chief executive officer owned 3,125,039 shares of the company’s stock, valued at $25,219,064.73. This represents a 0.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 6.25% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Latin America

A number of institutional investors and hedge funds have recently modified their holdings of LILA. Strs Ohio acquired a new position in shares of Liberty Latin America in the 1st quarter valued at $34,000. Russell Investments Group Ltd. raised its stake in Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after purchasing an additional 2,070 shares in the last quarter. Danske Bank A S bought a new stake in shares of Liberty Latin America during the third quarter worth about $56,000. Quantbot Technologies LP boosted its holdings in shares of Liberty Latin America by 727.1% during the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after buying an additional 6,289 shares in the last quarter. Finally, Covestor Ltd boosted its position in shares of Liberty Latin America by 6,532.0% in the third quarter. Covestor Ltd now owns 8,290 shares of the company’s stock valued at $69,000 after acquiring an additional 8,165 shares during the period. 18.48% of the stock is currently owned by institutional investors and hedge funds.

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.