Liberty Latin America (NASDAQ:LILA) Reaches New 12-Month High – Here’s What Happened

Shares of Liberty Latin America Ltd. (NASDAQ:LILA) reached a new 52-week high on Tuesday. The company traded as high as $9.50 and last traded at $9.4010, with a volume of 15,682 shares traded. The stock had previously closed at $9.29.

Analysts Set New Price Targets

Several research analysts have recently issued reports on LILA shares. UBS Group raised Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Thursday, October 15th. Finally, Morgan Stanley lowered Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target on the stock. in a research report on Thursday, August 20th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Liberty Latin America presently has an average rating of “Sell” and a consensus price target of $7.00.

Liberty Latin America Trading Up 5.1%

The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08. The firm has a market capitalization of $1.91 billion, a PE ratio of -10.50 and a beta of 0.78. The firm has a 50 day simple moving average of $8.50 and a 200 day simple moving average of $8.04.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Wednesday, November 4th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.33). Liberty Latin America had a negative return on equity of 16.82% and a negative net margin of 3.86%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. Equities analysts expect that Liberty Latin America Ltd. will post -0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Liberty Latin America

In other news, Director Angoitia Alfonso De acquired 313,104 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was bought at an average price of $20.95 per share, with a total value of $6,559,528.80. Following the completion of the acquisition, the director directly owned 476,190 shares of the company’s stock, valued at approximately $9,976,180.50. The trade was a 191.99% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Malone purchased 21,013 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were purchased at an average price of $8.98 per share, with a total value of $188,696.74. Following the completion of the purchase, the director owned 1,412,175 shares in the company, valued at approximately $12,681,331.50. This trade represents a 1.51% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 713,505 shares of company stock valued at $12,720,801 in the last ninety days. 6.25% of the stock is currently owned by corporate insiders.

Institutional Trading of Liberty Latin America

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rubric Capital Management LP increased its position in Liberty Latin America by 93.0% in the first 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 in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Liberty Latin America in the second quarter worth about $3,140,000. Renaissance Technologies LLC lifted its position in shares of Liberty Latin America by 27.3% during the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock valued at $7,470,000 after buying an additional 185,300 shares in the last quarter. S&CO Inc. purchased a new position in shares of Liberty Latin America during the 2nd quarter valued at about $1,236,000. Finally, Cook & Bynum Capital Management LLC purchased a new position in shares of Liberty Latin America during the 2nd quarter valued at about $1,111,093. Hedge funds and other institutional investors own 18.48% of the company’s stock.

About Liberty Latin America

Liberty Latin America is a telecommunications company that provides broadband internet, video, fixed-line telephone, mobile, and business communications services. Its residential and business customers access these services through cable, fiber, and wireless networks.

The company operates across the Caribbean and Latin America, including markets such as Puerto Rico, Panama, Costa Rica, and Chile. Its services are offered under brands that include Liberty, Flow, and Más Móvil, with offerings and brand names varying by market.

Liberty Latin America became an independent public company in 2018 after being spun off from Liberty Global.