Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the stock. Barclays lowered shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $8.00 to $6.50 in a research note on Tuesday, February 25th. Benchmark raised shares of Liberty Latin America to a "strong-buy" rating in a research note on Monday, June 2nd.
Check Out Our Latest Report on LILA
Liberty Latin America Stock Performance
The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 5.00. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -1.40 and a beta of 0.91. The stock's 50 day moving average price is $5.19 and its two-hundred day moving average price is $6.09.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its quarterly 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 company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.10 billion. On average, analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current year.
Insider Transactions at Liberty Latin America
In other Liberty Latin America news, CFO Christopher J. Noyes acquired 8,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $4.53 per share, for a total transaction of $36,240.00. Following the transaction, the chief financial officer now directly owns 231,621 shares of the company's stock, valued at approximately $1,049,243.13. This represents a 3.58% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Balan Nair acquired 22,779 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $4.39 per share, for a total transaction of $99,999.81. Following the completion of the transaction, the chief executive officer now directly owns 1,651,001 shares in the company, valued at approximately $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. Corporate insiders own 11.96% of the company's stock.
Institutional Investors Weigh In On Liberty Latin America
Several institutional investors and hedge funds have recently made changes to their positions in LILA. Strs Ohio purchased a new position in Liberty Latin America in the 1st quarter valued at about $34,000. KLP Kapitalforvaltning AS purchased a new position in Liberty Latin America in the 4th quarter valued at about $37,000. EntryPoint Capital LLC purchased a new position in Liberty Latin America in the 4th quarter valued at about $69,000. Marshall Wace LLP purchased a new position in Liberty Latin America in the 4th quarter valued at about $77,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Liberty Latin America by 12.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company's stock valued at $80,000 after purchasing an additional 1,422 shares in the last quarter. 18.48% of the stock is currently owned by hedge funds and other institutional investors.
Liberty Latin America Company Profile
(
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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