Liberty Latin America (NASDAQ:LILA) Trading Down 6.9% – Time to Sell?

Liberty Latin America Ltd. (NASDAQ:LILA)’s stock price was down 6.9% during trading on Thursday . The stock traded as low as $4.93 and last traded at $4.9350. 355,378 shares changed hands during mid-day trading, a decline of 5% from the average daily volume of 375,246 shares. The stock had previously closed at $5.30.

Analysts Set New Price Targets

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

Liberty Latin America Trading Down 7.8%

The business’s 50 day moving average is $7.92 and its two-hundred day moving average is $7.89. 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 firm has a market capitalization of $983.84 million, a P/E ratio of -1.96 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Analysts expect that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Insider Activity at Liberty Latin America

In related news, CEO Balan Nair acquired 20,000 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the acquisition, the chief executive officer directly owned 3,125,039 shares of the company’s stock, valued at approximately $25,219,064.73. The trade was a 0.64% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John C. Malone acquired 12,406,463 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price of $8.63 per share, for a total transaction of $107,067,775.69. Following the purchase, the director directly owned 21,173,018 shares of the company’s stock, valued at approximately $182,723,145.34. This trade represents a 141.52% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 6.25% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

Several hedge funds have recently modified their holdings of the company. AQR Capital Management LLC bought a new stake in shares of Liberty Latin America in the 1st quarter worth $104,000. Empowered Funds LLC grew its holdings in Liberty Latin America by 7.3% during the first quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock worth $1,359,000 after acquiring an additional 14,547 shares during the period. Jane Street Group LLC grew its holdings in Liberty Latin America by 230.6% during the first quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock worth $314,000 after acquiring an additional 34,640 shares during the period. Strs Ohio acquired a new stake in Liberty Latin America in the 1st quarter valued at about $34,000. Finally, Geode Capital Management LLC boosted its position in shares of Liberty Latin America by 12.2% during the 2nd quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock valued at $4,042,000 after purchasing an additional 71,873 shares in the last quarter. 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.