Liberty Latin America (NASDAQ:LILA) Trading Down 5.1% – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILA)’s share price fell 5.1% during trading on Friday . The company traded as low as $7.78 and last traded at $7.7850. 287,260 shares traded hands during trading, a decline of 15% from the average session volume of 338,261 shares. The stock had previously closed at $8.20.

Analyst Ratings Changes

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

Liberty Latin America Price Performance

The firm has a 50-day moving average of $8.06 and a 200 day moving average of $7.96. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $1.59 billion, a PE ratio of -3.19 and a beta of 0.75.

Liberty Latin America shares are scheduled to split before the market opens on Monday, June 1st. The 11-10 split was recently announced. The newly issued shares will be payable to shareholders after the closing bell on Sunday, May 31st.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The company had revenue of $1.08 billion for 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, research analysts anticipate that Liberty Latin America Ltd. will post -0.02 earnings per share for the current fiscal year.

Insider Transactions at Liberty Latin America

In other news, CEO Balan Nair acquired 20,000 shares of Liberty Latin America stock in a transaction on Friday, May 8th. The shares were acquired at an average price of $8.07 per share, with a total value of $161,400.00. Following the purchase, the chief executive officer directly owned 3,125,039 shares in the company, valued at $25,219,064.73. The trade was a 0.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 6.25% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

Institutional investors have recently added to or reduced their stakes in the business. Rubric Capital Management LP raised its position in Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after acquiring an additional 1,806,935 shares in the last quarter. Empowered Funds LLC boosted its stake in Liberty Latin America by 9.9% during the first quarter. Empowered Funds LLC now owns 265,587 shares of the company’s stock worth $2,295,000 after buying an additional 23,954 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Liberty Latin America by 27.3% in the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock valued at $7,470,000 after purchasing an additional 185,300 shares during the last quarter. State of Wyoming acquired a new stake in shares of Liberty Latin America during the 1st quarter worth about $77,000. Finally, PNC Financial Services Group Inc. raised its holdings in Liberty Latin America by 31.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after buying an additional 2,693 shares during the period. 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.