Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $5.35 and traded as high as $6.53. Liberty Latin America shares last traded at $6.48, with a volume of 371,090 shares.
Analysts Set New Price Targets
Separately, Benchmark upgraded shares of Liberty Latin America to a "strong-buy" rating in a research report on Monday, June 2nd.
Check Out Our Latest Report on Liberty Latin America
Liberty Latin America Stock Performance
The firm's 50-day simple moving average is $5.35 and its two-hundred day simple moving average is $6.04. 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 stock has a market capitalization of $1.30 billion, a PE ratio of -1.61 and a beta of 0.97.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued 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). The business had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.10 billion. Liberty Latin America had a negative net margin of 17.85% and a negative return on equity of 44.60%. On average, equities research analysts expect that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.
Insider Buying and Selling at Liberty Latin America
In other Liberty Latin America news, CFO Christopher J. Noyes purchased 8,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of $4.53 per share, with a total value of $36,240.00. Following the completion of the transaction, the chief financial officer owned 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Balan Nair purchased 22,779 shares of the company's stock in a transaction that occurred on Monday, May 12th. The shares were acquired at an average cost of $4.39 per share, for a total transaction of $99,999.81. Following the completion of the transaction, the chief executive officer directly owned 1,651,001 shares of the company's stock, valued at $7,247,894.39. This trade represents a 1.40% increase in their position. The disclosure for this purchase can be found here. 11.96% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. Banco Santander S.A. grew its holdings in shares of Liberty Latin America by 2.1% during the 4th quarter. Banco Santander S.A. now owns 816,900 shares of the company's stock valued at $5,195,000 after acquiring an additional 16,900 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Liberty Latin America by 7.5% during 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 purchased a new position in shares of Liberty Latin America during the 4th quarter valued at $37,000. EntryPoint Capital LLC purchased a new position in shares of Liberty Latin America during the 4th quarter valued at $69,000. Finally, Geode Capital Management LLC grew its holdings in shares of Liberty Latin America by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 517,206 shares of the company's stock valued at $3,290,000 after acquiring an additional 6,509 shares in the last quarter. 18.48% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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