Liberty Latin America Ltd. (NASDAQ:LILA) Sees Large Drop in Short Interest

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 682,200 shares, a decline of 16.4% from the March 31st total of 815,700 shares. Approximately 2.1% of the shares of the stock are short sold. Based on an average trading volume of 436,100 shares, the days-to-cover ratio is presently 1.6 days.

Liberty Latin America Stock Performance

LILA opened at $5.33 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.04 and a debt-to-equity ratio of 4.68. The firm has a market cap of $1.05 billion, a PE ratio of -1.60 and a beta of 0.85. The business has a fifty day simple moving average of $6.07 and a 200-day simple moving average of $6.87. Liberty Latin America has a fifty-two week low of $5.12 and a fifty-two week high of $10.82.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share for the quarter. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 33.41%. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. As a group, equities analysts predict that Liberty Latin America will post -0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barclays lowered shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and reduced their price objective for the company from $8.00 to $6.50 in a research report on Tuesday, February 25th.

Institutional Investors Weigh In On Liberty Latin America

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in Liberty Latin America by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,454,942 shares of the company's stock valued at $15,613,000 after purchasing an additional 24,752 shares during the period. Gamco Investors INC. ET AL raised its position in Liberty Latin America by 3.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 1,056,713 shares of the company's stock valued at $6,721,000 after buying an additional 30,537 shares during the period. Banco Santander S.A. lifted its stake in Liberty Latin America by 2.1% in the 4th quarter. Banco Santander S.A. now owns 816,900 shares of the company's stock worth $5,195,000 after acquiring an additional 16,900 shares in the last quarter. Gabelli Funds LLC lifted its stake in Liberty Latin America by 1.7% in the 4th quarter. Gabelli Funds LLC now owns 761,718 shares of the company's stock worth $4,845,000 after acquiring an additional 13,000 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Liberty Latin America by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 517,206 shares of the company's stock worth $3,290,000 after acquiring an additional 6,509 shares during the period. Hedge funds and other institutional investors own 18.48% of the company's stock.

Liberty Latin America Company Profile

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.

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