Liberty Latin America (NASDAQ:LILA) Sets New 52-Week Low – Should You Sell?

Liberty Latin America Ltd. (NASDAQ:LILA)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.77 and last traded at $5.28, with a volume of 2500085 shares changing hands. The stock had previously closed at $4.80.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.00.

Liberty Latin America Stock Up 10.0%

The firm has a fifty day moving average of $7.72 and a 200-day moving average of $7.82. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74. The firm has a market cap of $1.06 billion, a P/E ratio of -2.13 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. On average, equities research analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Balan Nair acquired 20,000 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of $8.07 per share, with a total value of $161,400.00. Following the acquisition, the chief executive officer directly owned 3,125,039 shares in the company, valued at $25,219,064.73. This represents a 0.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John C. Malone purchased 12,406,463 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the completion of the transaction, the director owned 21,173,018 shares of the company’s stock, valued at $182,723,145.34. This trade represents a 141.52% increase in their position. The disclosure for this purchase is available in the SEC filing. 6.25% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liberty Latin America

A number of large investors have recently modified their holdings of the business. AQR Capital Management LLC bought a new stake in Liberty Latin America during the 1st quarter worth $104,000. Empowered Funds LLC raised its position in Liberty Latin America by 7.3% in the first quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock valued at $1,359,000 after purchasing an additional 14,547 shares during the last quarter. Jane Street Group LLC raised its position in Liberty Latin America by 230.6% in the first quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock valued at $314,000 after purchasing an additional 34,640 shares during the last quarter. Strs Ohio acquired a new stake in shares of Liberty Latin America during the first quarter valued at about $34,000. Finally, Geode Capital Management LLC boosted its stake in shares of Liberty Latin America by 12.2% during the second quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock valued at $4,042,000 after purchasing an additional 71,873 shares in the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

About Liberty Latin America

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.