Liberty Latin America (NASDAQ:LILA) Sees Strong Trading Volume – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILA) saw unusually-strong trading volume on Monday . 514,313 shares traded hands during trading, an increase of 33% from the previous session’s volume of 388,048 shares.The stock last traded at $4.9650 and had previously closed at $4.80.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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 issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.00.

Liberty Latin America Stock Up 4.9%

The stock has a market cap of $1.01 billion, a PE ratio of -2.04 and a beta of 0.74. 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 50 day moving average price of $7.78 and a two-hundred day moving average price of $7.84.

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

Insider Buying and Selling

In related news, CEO Balan Nair bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were bought at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the acquisition, the chief executive officer owned 3,125,039 shares of the company’s stock, valued at $25,219,064.73. This trade represents a 0.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John C. Malone bought 12,406,463 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of $8.63 per share, with a total value of $107,067,775.69. Following the transaction, the director owned 21,173,018 shares in the company, 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. Insiders own 6.25% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

Institutional investors and hedge funds have recently modified their holdings of the company. Rubric Capital Management LP grew its holdings in shares of Liberty Latin America by 93.0% in the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after acquiring an additional 1,806,935 shares during the period. Oaktree Capital Management LP purchased a new position in Liberty Latin America in the third quarter worth about $7,017,000. Goldman Sachs Group Inc. grew its stake in shares of Liberty Latin America by 318.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock valued at $6,948,000 after purchasing an additional 715,641 shares during the period. Virtu Financial LLC grew its stake in shares of Liberty Latin America by 52.2% during the 3rd quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock valued at $11,704,000 after purchasing an additional 484,016 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Liberty Latin America by 604.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 398,371 shares of the company’s stock valued at $2,430,000 after purchasing an additional 341,794 shares during the last quarter. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

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.