Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) shares traded 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.
Analysts Set New Price Targets
Several equities research analysts recently commented on LILA shares. Barclays cut Liberty Latin America from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $8.00 to $6.50 in a report on Tuesday, February 25th. Benchmark raised Liberty Latin America to a "strong-buy" rating in a research note on Monday, June 2nd.
Read Our Latest Stock Report on LILA
Liberty Latin America Trading Down 1.3%
The stock has a market cap of $1.08 billion, a PE ratio of -1.61 and a beta of 0.91. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.06 and a current ratio of 1.04. The company's 50-day moving average price is $5.18 and its 200 day moving average price is $6.15.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.62). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 33.41%. 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 Liberty Latin America news, CEO Balan Nair purchased 22,779 shares of Liberty Latin America stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of $4.39 per share, with a total value of $99,999.81. Following the completion of the transaction, the chief executive officer now owns 1,651,001 shares of the company's stock, valued at $7,247,894.39. This trade represents a 1.40% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Christopher J. Noyes acquired 8,000 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $4.53 per share, with a total value of $36,240.00. Following the acquisition, 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 position. The disclosure for this purchase can be found here. Company insiders own 11.96% of the company's stock.
Institutional Trading of Liberty Latin America
Large investors have recently modified their holdings of the stock. Strs Ohio acquired a new position in Liberty Latin America during the 1st quarter worth $34,000. KLP Kapitalforvaltning AS acquired a new stake in Liberty Latin America in the 4th quarter valued at about $37,000. EntryPoint Capital LLC purchased a new position in shares of Liberty Latin America in the 4th quarter valued at about $69,000. Marshall Wace LLP acquired a new position in shares of Liberty Latin America during the fourth quarter worth about $77,000. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Liberty Latin America by 12.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company's stock worth $80,000 after buying an additional 1,422 shares in the last quarter. Hedge funds and other institutional investors own 18.48% of the company's stock.
About Liberty Latin America
(
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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