Liberty Latin America (NASDAQ:LILA) Stock Price Up 4.9% – What’s Next?

Liberty Latin America Ltd. (NASDAQ:LILA) shares were up 4.9% during mid-day trading on Tuesday . The stock traded as high as $7.95 and last traded at $7.90. 138,990 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 476,266 shares. The stock had previously closed at $7.53.

Wall Street Analyst Weigh In

LILA has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. Morgan Stanley set a $7.00 target price on Liberty Latin America in a report on Friday, June 26th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Liberty Latin America has an average rating of “Hold” and an average target price of $10.00.

Liberty Latin America Price Performance

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 company’s fifty day moving average price is $7.50 and its 200 day moving average price is $7.73. The company has a market capitalization of $1.52 billion, a P/E ratio of -3.05 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. As a group, sell-side analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Insider Buying and Selling

In other news, Director Brendan J. Paddick acquired 100,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of $4.88 per share, with a total value of $488,000.00. Following the completion of the transaction, the director directly owned 1,559,542 shares of the company’s stock, valued at $7,610,564.96. This trade represents a 6.85% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John M. Winter bought 5,071 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was purchased at an average price of $19.67 per share, with a total value of $99,746.57. Following the completion of the transaction, the senior vice president directly owned 64,547 shares in the company, valued at approximately $1,269,639.49. This represents a 8.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 14,820,228 shares of company stock worth $121,249,631 in the last ninety days. 6.25% of the stock is owned by company insiders.

Institutional Investors Weigh In On Liberty Latin America

Several institutional investors and hedge funds have recently added to or reduced their stakes in LILA. Strs Ohio acquired a new stake in shares of Liberty Latin America in the 1st quarter valued at $34,000. Russell Investments Group Ltd. lifted its position in shares of Liberty Latin America by 58.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after buying an additional 2,070 shares during the last quarter. Danske Bank A S acquired a new stake in Liberty Latin America in the third quarter valued at about $56,000. Quantbot Technologies LP boosted its stake in Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after buying an additional 6,289 shares in the last quarter. Finally, State of Wyoming bought a new position in Liberty Latin America in the first quarter valued at about $77,000. 18.48% of the stock is currently owned by institutional investors.

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.