Liberty Latin America (NASDAQ:LILA) Director Charles Bracken Sells 42,975 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) Director Charles Bracken sold 42,975 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $8.57, for a total value of $368,295.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Liberty Latin America Price Performance

NASDAQ LILA traded down $0.10 during trading hours on Thursday, reaching $8.55. 449,729 shares of the company’s stock were exchanged, compared to its average volume of 499,852. The firm has a fifty day moving average of $7.51 and a 200-day moving average of $7.81. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $9.04. The stock has a market cap of $1.72 billion, a PE ratio of -17.45 and a beta of 0.74. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. On average, equities research analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LILA has been the topic of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. Morgan Stanley set a $7.00 price objective on shares of Liberty Latin America in a research report on Friday, June 26th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Strs Ohio acquired a new stake in shares of Liberty Latin America in the 1st quarter valued at $34,000. Russell Investments Group Ltd. lifted its stake in shares of Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after acquiring an additional 2,070 shares during the period. Danske Bank A S bought a new position in Liberty Latin America in the third quarter valued at about $56,000. Quantbot Technologies LP boosted its holdings in Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after acquiring an additional 6,289 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Liberty Latin America in the first quarter worth about $77,000. 18.48% of the stock is currently owned by 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.