Liberty Latin America (NASDAQ:LILA) Hits New 52-Week Low – Time to Sell?

Liberty Latin America Ltd. (NASDAQ:LILA)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.36 and last traded at $5.42, with a volume of 125735 shares trading hands. The stock had previously closed at $7.79.

Analysts Set New Price Targets

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

Liberty Latin America Trading Down 31.5%

The company has a fifty day moving average of $7.98 and a 200-day moving average of $7.92. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of -2.15 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations 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, equities research analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Liberty Latin America news, CEO Balan Nair bought 20,000 shares of the stock in a transaction on Friday, May 8th. The shares were bought 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. This trade represents a 0.64% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John C. Malone purchased 12,406,463 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the completion of the purchase, the director owned 21,173,018 shares of the company’s stock, valued at approximately $182,723,145.34. This represents a 141.52% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 6.25% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LILA. Russell Investments Group Ltd. grew its position in shares of Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after purchasing an additional 2,070 shares in the last quarter. Mackenzie Financial Corp lifted its position in Liberty Latin America by 1.6% during the third quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock worth $1,218,000 after buying an additional 2,314 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Liberty Latin America by 31.4% during the first quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock worth $97,000 after buying an additional 2,693 shares during the last quarter. Intech Investment Management LLC boosted its stake in Liberty Latin America by 29.1% during the fourth quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock worth $116,000 after buying an additional 3,524 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Liberty Latin America in the 1st quarter valued at $34,000. 18.48% of the stock is currently owned by institutional investors and hedge funds.

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.