Liberty Latin America (NASDAQ:LILA) Shares Up 4.4% - Should You Buy?

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report)'s share price shot up 4.4% on Thursday . The company traded as high as $5.43 and last traded at $5.43. 185,447 shares were traded during trading, a decline of 52% from the average session volume of 386,905 shares. The stock had previously closed at $5.20.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LILA. Barclays cut 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 report on Tuesday, February 25th. Benchmark upgraded Liberty Latin America to a "strong-buy" rating in a research report on Monday, June 2nd.

Liberty Latin America Price Performance

The firm has a market capitalization of $1.05 billion, a P/E ratio of -1.57 and a beta of 0.91. The business has a fifty day moving average of $5.18 and a 200-day moving average of $6.14. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.06 and a current ratio of 1.04.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.62). Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. On average, sell-side analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Latin America

In other news, CEO Balan Nair purchased 22,779 shares of the firm's stock in a transaction on Monday, May 12th. The stock was purchased at an average cost of $4.39 per share, with a total value 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 trade represents a 1.40% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Christopher J. Noyes purchased 8,000 shares of the firm's stock in a transaction 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 purchase, the chief financial officer now owns 231,621 shares in the company, valued at $1,049,243.13. This represents a 3.58% increase in their position. The disclosure for this purchase can be found here. 11.96% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liberty Latin America

Large investors have recently modified their holdings of the stock. Hsbc Holdings PLC bought a new stake in shares of Liberty Latin America during the 4th quarter worth $2,526,000. D. E. Shaw & Co. Inc. boosted its position in shares of Liberty Latin America by 132.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 221,468 shares of the company's stock worth $1,409,000 after buying an additional 126,383 shares during the period. Bank of America Corp DE boosted its position in shares of Liberty Latin America by 38.3% in the fourth quarter. Bank of America Corp DE now owns 186,493 shares of the company's stock worth $1,186,000 after buying an additional 51,664 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Liberty Latin America in the fourth quarter worth $37,000. Finally, UMB Bank n.a. boosted its position in shares of Liberty Latin America by 37.5% in the first quarter. UMB Bank n.a. now owns 232,901 shares of the company's stock worth $1,474,000 after buying an additional 63,486 shares during the period. 18.48% of the stock is owned by institutional investors.

Liberty Latin America Company Profile

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.