Liberty Latin America (NASDAQ:LILA) Sets New 52-Week Low – Should You Sell?

Shares of Liberty Latin America Ltd. (NASDAQ:LILA) hit a new 52-week low during trading on Tuesday . The stock traded as low as $4.77 and last traded at $5.28, with a volume of 2500085 shares. The stock had previously closed at $4.80.

Analyst Upgrades and Downgrades

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

Liberty Latin America Trading Up 10.0%

The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -2.13 and a beta of 0.74. The business’s fifty day moving average is $7.72 and its two-hundred day moving average is $7.82.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data 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 for 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%. Equities analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Balan Nair acquired 20,000 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the transaction, the chief executive officer directly owned 3,125,039 shares in the company, valued at $25,219,064.73. This trade represents a 0.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John C. Malone acquired 12,406,463 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of $8.63 per share, with a total value of $107,067,775.69. Following the completion of the acquisition, the director directly owned 21,173,018 shares in the company, valued at approximately $182,723,145.34. The trade was a 141.52% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 6.25% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

Several institutional investors have recently modified their holdings of the business. Rubric Capital Management LP increased its stake in shares of Liberty Latin America by 93.0% in the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after acquiring an additional 1,806,935 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Liberty Latin America by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,445,768 shares of the company’s stock valued at $18,074,000 after purchasing an additional 78,234 shares during the period. Virtu Financial LLC increased its stake in Liberty Latin America by 52.2% in the third quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock valued at $11,704,000 after purchasing an additional 484,016 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in Liberty Latin America by 3.5% in the third quarter. Gamco Investors INC. ET AL now owns 1,166,973 shares of the company’s stock worth $9,674,000 after purchasing an additional 39,044 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Liberty Latin America by 318.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock worth $6,948,000 after purchasing an additional 715,641 shares during the period. Institutional investors and hedge funds own 18.48% of the company’s stock.

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.