Liberty Latin America Ltd. (NASDAQ:LILAK) Short Interest Up 21.5% in May

Liberty Latin America Ltd. (NASDAQ:LILAK - Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 4,300,000 shares, a growth of 21.5% from the April 30th total of 3,540,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is currently 3.7 days. Approximately 3.4% of the company's stock are short sold.

Liberty Latin America Stock Down 0.6%

Liberty Latin America stock traded down $0.03 during mid-day trading on Friday, reaching $5.12. The company's stock had a trading volume of 1,177,480 shares, compared to its average volume of 962,318. The business's 50 day simple moving average is $5.27 and its 200 day simple moving average is $6.19. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -1.53 and a beta of 0.89. Liberty Latin America has a 12 month low of $4.23 and a 12 month high of $10.93.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.55). Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion.

Insider Buying and Selling at Liberty Latin America

In related news, CFO Christopher J. Noyes acquired 8,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were bought at an average price of $4.53 per share, for a total transaction of $36,240.00. Following the acquisition, the chief financial officer now owns 231,621 shares in the company, valued at $1,049,243.13. This trade represents a 3.58% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Balan Nair acquired 22,779 shares of the firm's stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $4.39 per share, for a total transaction of $99,999.81. Following the completion of the purchase, the chief executive officer now directly owns 1,651,001 shares of the company's stock, valued at approximately $7,247,894.39. The trade was a 1.40% increase in their position. The disclosure for this purchase can be found here. Company insiders own 9.66% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Fourth Sail Capital LP bought a new position in Liberty Latin America during the first quarter worth about $15,734,000. Long Focus Capital Management LLC grew its holdings in shares of Liberty Latin America by 79.0% in the fourth quarter. Long Focus Capital Management LLC now owns 3,034,616 shares of the company's stock worth $19,239,000 after purchasing an additional 1,339,216 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Liberty Latin America by 28.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,929,978 shares of the company's stock valued at $24,916,000 after acquiring an additional 869,420 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in Liberty Latin America by 4,054.1% in the fourth quarter. Hsbc Holdings PLC now owns 809,417 shares of the company's stock valued at $5,087,000 after acquiring an additional 789,932 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Liberty Latin America by 41.3% during the fourth quarter. Deutsche Bank AG now owns 1,881,436 shares of the company's stock valued at $11,928,000 after buying an additional 549,884 shares during the period. Institutional investors and hedge funds own 52.98% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Liberty Latin America from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

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.