Liberty Latin America (NASDAQ:LILA) CAO Sells $274,729.45 in Stock

Key Points

• Chief accounting officer Brian Zook sold 27,611 shares for about $274,729, reducing his stake by 80.21% to 6,813 shares.
• Liberty Latin America reported a quarterly loss of $0.42 per share, missing the $0.09 loss analysts expected; revenue of $1.12 billion also came in below consensus.
• Analyst sentiment is negative: the stock carries an average “Sell” rating and a $7 price target, below its reported Friday price of $9.82.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) CAO Brian Zook sold 27,611 shares of the business's stock in a transaction that occurred on Wednesday, November 11th. The shares were sold at an average price of $9.95, for a total value of $274,729.45. Following the transaction, the chief accounting officer owned 6,813 shares of the company's stock, valued at $67,789.35. This represents a 80.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Latin America Stock Performance

LILA traded up $0.09 during trading on Friday, reaching $9.82. 396,996 shares of the company were exchanged, compared to its average volume of 465,015. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $10.33. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 8.75. The firm has a 50 day moving average of $8.58 and a 200 day moving average of $8.07. The stock has a market cap of $1.92 billion, a P/E ratio of -10.56 and a beta of 0.78.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its earnings results on Wednesday, November 4th. The company reported ($0.42) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.33). Liberty Latin America had a negative net margin of 3.86% and a negative return on equity of 17.27%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.14 billion. On average, sell-side analysts forecast that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on LILA. Morgan Stanley downgraded shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and set a $7.00 price objective on the stock. in a research report on Thursday, August 20th. Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Latin America in a research report on Thursday, October 15th. Finally, UBS Group upgraded shares of Liberty Latin America to a "hold" rating in a research note on Thursday, September 3rd. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Sell" and an average target price of $7.00.

Institutional Trading of Liberty Latin America

Several hedge funds have recently added to or reduced their stakes in LILA. State Board of Administration of Florida Retirement System bought a new position in shares of Liberty Latin America in the third quarter worth $95,000. Gabelli Funds LLC acquired a new position in shares of Liberty Latin America during the third quarter valued at $4,181,000. Gamco Investors INC. ET AL bought a new stake in shares of Liberty Latin America during the third quarter valued at about $8,890,000. State Street Corp raised its stake in shares of Liberty Latin America by 7.0% during the third quarter. State Street Corp now owns 803,245 shares of the company's stock valued at $6,651,000 after purchasing an additional 52,520 shares in the last quarter. Finally, Harbour Investments Inc. bought a new stake in shares of Liberty Latin America during the third quarter valued at about $39,000. Institutional investors own 18.48% of the company's stock.

Liberty Latin America Company Profile

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.

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