StockNews.com Upgrades Liberty Latin America (NASDAQ:LILAK) to "Buy"

StockNews.com upgraded shares of Liberty Latin America (NASDAQ:LILAK - Free Report) from a hold rating to a buy rating in a research note released on Monday morning.

Liberty Latin America Price Performance

Liberty Latin America stock remained flat at $5.43 during mid-day trading on Monday. The company's stock had a trading volume of 1,578,895 shares, compared to its average volume of 965,340. The company has a 50 day moving average price of $5.72 and a 200 day moving average price of $6.50. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $1.07 billion, a P/E ratio of -1.63 and a beta of 0.92. Liberty Latin America has a 52-week low of $4.23 and a 52-week high of $10.93.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.55). The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%.

Insider Transactions at Liberty Latin America

In related news, CFO Christopher J. Noyes bought 8,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were bought 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 now directly owns 231,621 shares of the company's stock, valued at approximately $1,049,243.13. This trade represents a 3.58% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Balan Nair bought 22,779 shares of the business's stock in a transaction dated Monday, May 12th. The shares were bought 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 now directly 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 disclosure for this purchase can be found here. Company insiders own 9.66% of the company's stock.

Institutional Investors Weigh In On Liberty Latin America

A number of institutional investors and hedge funds have recently modified their holdings of LILAK. Versant Capital Management Inc grew its holdings in shares of Liberty Latin America by 556.5% during the first quarter. Versant Capital Management Inc now owns 5,331 shares of the company's stock valued at $33,000 after buying an additional 4,519 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Liberty Latin America during the fourth quarter valued at $41,000. Bleakley Financial Group LLC purchased a new position in shares of Liberty Latin America during the fourth quarter valued at $65,000. Bridgefront Capital LLC purchased a new position in shares of Liberty Latin America during the fourth quarter valued at $65,000. Finally, Sargent Investment Group LLC purchased a new position in shares of Liberty Latin America during the fourth quarter valued at $69,000. 52.98% of the stock is owned by institutional investors and hedge funds.

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.