Liberty Latin America (NASDAQ:LILA) Stock Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• Price breakout: Liberty Latin America's stock crossed above its 50-day moving average of $7.79, trading as high as $8.43 and last at $8.25 on volume of 340,950 shares.
• Earnings and profitability weakness: The company reported Q EPS of ($0.27) versus ($0.04) expected, with a negative return on equity (50.24%) and net margin (-13.76%), and analysts forecast FY EPS of -0.22.
• Insider and institutional activity: CAO Brian D. Zook sold 94,494 shares at about $8.04 (reducing his stake ~93%), while institutions such as Goldman Sachs, Rubric Capital and Oaktree have recently built or increased positions.

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $7.79 and traded as high as $8.43. Liberty Latin America shares last traded at $8.25, with a volume of 340,950 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Liberty Latin America in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $13.00.

Liberty Latin America Trading Up 1.0%

The company has a debt-to-equity ratio of 7.40, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50 day simple moving average of $7.79 and a two-hundred day simple moving average of $7.92. The firm has a market cap of $1.65 billion, a PE ratio of -2.70 and a beta of 1.00.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.23). Liberty Latin America had a negative return on equity of 50.24% and a negative net margin of 13.76%.The firm had revenue of $1.16 billion during the quarter, compared to analysts' expectations of $1.14 billion. Analysts expect that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Liberty Latin America news, CAO Brian D. Zook sold 94,494 shares of the firm's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.04, for a total transaction of $759,731.76. Following the completion of the transaction, the chief accounting officer directly owned 6,813 shares of the company's stock, valued at approximately $54,776.52. This trade represents a 93.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 11.35% of the company's stock.

Institutional Trading of Liberty Latin America

Several large investors have recently made changes to their positions in LILA. Rubric Capital Management LP acquired a new stake in shares of Liberty Latin America in the third quarter worth $14,450,000. Oaktree Capital Management LP acquired a new position in Liberty Latin America during the third quarter valued at $7,017,000. Goldman Sachs Group Inc. boosted its holdings in Liberty Latin America by 318.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company's stock valued at $6,948,000 after purchasing an additional 715,641 shares during the last quarter. Virtu Financial LLC boosted its holdings in Liberty Latin America by 52.2% in the third quarter. Virtu Financial LLC now owns 1,411,830 shares of the company's stock valued at $11,704,000 after purchasing an additional 484,016 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Liberty Latin America by 604.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company's stock worth $2,430,000 after purchasing an additional 341,794 shares during the period. 18.48% of the stock is owned by hedge funds and other institutional investors.

Liberty Latin America Company Profile

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company's operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.

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