Liberty Latin America (NASDAQ:LILA) Stock Passes Above 50-Day Moving Average - Here's Why

Key Points

• Liberty Latin America Ltd. (NASDAQ:LILA) has surpassed its 50-day moving average of $6.52, reaching a trading high of $7.97, with the last trade at $7.77 and a volume of 254,815 shares.
• Benchmark has upgraded Liberty Latin America to a strong-buy rating, while the stock currently has a consensus rating of "Hold" with an average target price of $6.50.
• The company reported a significant earnings miss with a loss of ($2.12) EPS for the quarter, falling short of expectations and maintaining a negative net margin of 26.61%.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report)'s stock price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.52 and traded as high as $7.97. Liberty Latin America shares last traded at $7.77, with a volume of 254,815 shares traded.

Analysts Set New Price Targets

Separately, Benchmark raised Liberty Latin America to a "strong-buy" rating in a research report on Monday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $6.50.

Liberty Latin America Stock Performance

The company has a market capitalization of $1.64 billion, a PE ratio of -1.38 and a beta of 0.98. The company has a 50-day moving average price of $6.67 and a two-hundred day moving average price of $6.16. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 6.78.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($2.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($2.13). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative net margin of 26.61% and a negative return on equity of 77.72%. Analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Liberty Latin America

Several large investors have recently added to or reduced their stakes in the business. Sculptor Capital LP bought a new stake in Liberty Latin America during the second quarter valued at $2,029,000. BNP Paribas Financial Markets boosted its stake in Liberty Latin America by 604.1% during the second quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company's stock valued at $2,430,000 after buying an additional 341,794 shares during the period. Balyasny Asset Management L.P. bought a new stake in Liberty Latin America during the second quarter valued at $635,000. Jane Street Group LLC boosted its stake in Liberty Latin America by 177.0% during the second quarter. Jane Street Group LLC now owns 137,541 shares of the company's stock valued at $839,000 after buying an additional 87,881 shares during the period. Finally, Raymond James Financial Inc. boosted its stake in Liberty Latin America by 68.8% during the second quarter. Raymond James Financial Inc. now owns 17,015 shares of the company's stock valued at $104,000 after buying an additional 6,935 shares during the period. Institutional investors own 18.48% of the company's stock.

About Liberty Latin America

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.