Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $5.19 and traded as high as $5.74. Liberty Latin America shares last traded at $5.63, with a volume of 595,457 shares traded.
Wall Street Analyst Weigh In
LILA has been the topic of a number of research reports. Barclays lowered shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and cut their target price for the company from $8.00 to $6.50 in a research note on Tuesday, February 25th. Benchmark upgraded shares of Liberty Latin America to a "strong-buy" rating in a report on Monday, June 2nd.
View Our Latest Research Report on Liberty Latin America
Liberty Latin America Stock Performance
The company has a debt-to-equity ratio of 5.00, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $1.17 billion, a PE ratio of -1.45 and a beta of 0.91. The company has a 50 day moving average of $5.21 and a two-hundred day moving average of $6.07.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.62). Liberty Latin America had a negative return on equity of 44.60% and a negative net margin of 17.85%. The business had revenue of $1.08 billion during the quarter, compared to analysts' expectations of $1.10 billion. As a group, equities research analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.
Insider Buying and Selling at Liberty Latin America
In related news, CFO Christopher J. Noyes purchased 8,000 shares of Liberty Latin America stock in a transaction dated Monday, May 12th. The stock was purchased at an average cost of $4.53 per share, for a total transaction of $36,240.00. Following the completion of the acquisition, the chief financial officer now directly owns 231,621 shares of the company's stock, valued at $1,049,243.13. The trade was a 3.58% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Balan Nair purchased 22,779 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $4.39 per share, for a total transaction of $99,999.81. Following the purchase, the chief executive officer now owns 1,651,001 shares in the company, valued at $7,247,894.39. This represents a 1.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 11.35% of the company's stock.
Institutional Trading of Liberty Latin America
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Banco Santander S.A. grew its holdings in shares of Liberty Latin America by 2.1% during the fourth quarter. Banco Santander S.A. now owns 816,900 shares of the company's stock valued at $5,195,000 after buying an additional 16,900 shares during the last quarter. American Century Companies Inc. lifted its position in Liberty Latin America by 7.5% in the 4th quarter. American Century Companies Inc. now owns 62,157 shares of the company's stock valued at $395,000 after acquiring an additional 4,339 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Liberty Latin America in the 4th quarter valued at approximately $37,000. EntryPoint Capital LLC purchased a new stake in Liberty Latin America during the 4th quarter valued at $69,000. Finally, Geode Capital Management LLC increased its holdings in shares of Liberty Latin America by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 517,206 shares of the company's stock worth $3,290,000 after purchasing an additional 6,509 shares in the last quarter. 18.48% of the stock is currently owned by institutional investors.
About Liberty Latin America
(
Get Free Report)
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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