Liberty Latin America (NASDAQ:LILA) Trading Down 3.7% – Here’s What Happened

Liberty Latin America Ltd. (NASDAQ:LILA) shares dropped 3.7% during mid-day trading on Monday . The stock traded as low as $7.72 and last traded at $7.6840. Approximately 142,302 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 410,109 shares. The stock had previously closed at $7.98.

Analyst Upgrades and Downgrades

Several brokerages have commented on LILA. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a report on Wednesday, October 8th. Benchmark lifted their price target on shares of Liberty Latin America from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $9.75.

Liberty Latin America Stock Down 0.4%

The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -2.06 and a beta of 1.00. The business has a fifty day simple moving average of $8.22 and a 200 day simple moving average of $7.51. The company has a debt-to-equity ratio of 6.78, a current ratio of 1.14 and a quick ratio of 1.14.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results 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. Liberty Latin America had a negative return on equity of 54.11% and a negative net margin of 16.57%.The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. As a group, equities analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Institutional Trading of Liberty Latin America

A number of hedge funds have recently bought and sold shares of LILA. Russell Investments Group Ltd. lifted its stake in Liberty Latin America by 58.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after purchasing an additional 2,070 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Liberty Latin America by 1.6% in the third quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock valued at $1,218,000 after purchasing an additional 2,314 shares during the last quarter. MetLife Investment Management LLC lifted its position in Liberty Latin America by 14.7% during the first quarter. MetLife Investment Management LLC now owns 18,677 shares of the company’s stock worth $118,000 after buying an additional 2,394 shares in the last quarter. CWM LLC boosted its stake in Liberty Latin America by 80.7% during the third quarter. CWM LLC now owns 6,487 shares of the company’s stock worth $54,000 after buying an additional 2,897 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Liberty Latin America by 96.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock valued at $69,000 after buying an additional 4,089 shares in the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

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.