Liberty Latin America (NASDAQ:LILA) Stock Price Up 4.9% – What’s Next?

Liberty Latin America Ltd. (NASDAQ:LILA)’s share price rose 4.9% during trading on Tuesday . The company traded as high as $7.95 and last traded at $7.90. 138,990 shares traded hands during trading, a decline of 71% from the average daily volume of 476,266 shares. The stock had previously closed at $7.53.

Analysts Set New Price Targets

A number of research firms recently issued reports on LILA. Morgan Stanley set a $7.00 target price on Liberty Latin America in a research report on Friday, June 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Liberty Latin America currently has an average rating of “Hold” and a consensus target price of $10.00.

Liberty Latin America Trading Up 0.4%

The stock has a market cap of $1.52 billion, a price-to-earnings ratio of -3.05 and a beta of 0.74. The business’s 50 day simple moving average is $7.50 and its 200 day simple moving average is $7.73. 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 issued its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. On average, research analysts expect that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Liberty Latin America news, Director John C. Malone purchased 12,406,463 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price 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 approximately $182,723,145.34. The trade was a 141.52% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Balan Nair purchased 164,914 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were acquired at an average cost of $6.07 per share, with a total value of $1,001,027.98. Following the acquisition, the chief executive officer directly owned 3,276,798 shares in the company, valued at approximately $19,890,163.86. The trade was a 5.30% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 14,820,228 shares of company stock valued at $121,249,631. 6.25% of the stock is owned by insiders.

Hedge Funds Weigh In On Liberty Latin America

Large investors have recently modified their holdings of the stock. Rubric Capital Management LP boosted its holdings in shares of Liberty Latin America by 93.0% during the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after buying an additional 1,806,935 shares during the period. Oaktree Capital Management LP bought a new position in Liberty Latin America in the 3rd quarter valued at about $7,017,000. Goldman Sachs Group Inc. lifted its position in Liberty Latin America by 318.7% during the fourth 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 last quarter. Virtu Financial LLC lifted its position in Liberty Latin America by 52.2% during the third 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 last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Liberty Latin America by 604.1% during the second 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. 18.48% of the stock is owned by institutional investors.

Liberty Latin America Company 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.