Liberty Latin America Ltd. (NASDAQ:LILA) Short Interest Down 16.9% in December

Liberty Latin America Ltd. (NASDAQ:LILA) was the target of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 453,235 shares, a decline of 16.9% from the December 15th total of 545,401 shares. Based on an average daily volume of 342,623 shares, the short-interest ratio is currently 1.3 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 342,623 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On Liberty Latin America

A number of institutional investors and hedge funds have recently made changes to their positions in LILA. Rubric Capital Management LP bought a new stake in shares of Liberty Latin America in the 3rd quarter worth about $14,450,000. Virtu Financial LLC increased its stake in Liberty Latin America by 52.2% during the third quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock worth $11,704,000 after acquiring an additional 484,016 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Liberty Latin America by 3.5% during the third quarter. Gamco Investors INC. ET AL now owns 1,166,973 shares of the company’s stock worth $9,674,000 after acquiring an additional 39,044 shares during the last quarter. Gabelli Funds LLC raised its position in Liberty Latin America by 7.6% during the third quarter. Gabelli Funds LLC now owns 849,005 shares of the company’s stock valued at $7,038,000 after purchasing an additional 60,005 shares during the period. Finally, Oaktree Capital Management LP bought a new stake in shares of Liberty Latin America in the 3rd quarter valued at approximately $7,017,000. 18.48% of the stock is owned by hedge funds and other institutional investors.

Liberty Latin America Trading Down 2.1%

Shares of LILA stock opened at $7.33 on Wednesday. The stock’s 50-day moving average price is $7.93 and its 200-day moving average price is $7.73. Liberty Latin America has a 12-month low of $4.25 and a 12-month high of $9.04. The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -1.99 and a beta of 1.02. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Latin America had a negative return on equity of 54.11% and a negative net margin of 16.57%. Equities research analysts predict that Liberty Latin America will post -0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research note on Wednesday, October 8th. Benchmark raised their target price on shares of Liberty Latin America from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat, Liberty Latin America presently has an average rating of “Reduce” and an average target price of $9.75.

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.