Liberty Latin America (NASDAQ:LILA) Sets New 1-Year High – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILA – Get Free Report) reached a new 52-week high during trading on Wednesday. The stock traded as high as $9.04 and last traded at $8.9880, with a volume of 62,203 shares trading hands. The stock had previously closed at $8.73.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Morgan Stanley downgraded shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective on the stock. in a report on Thursday, August 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a report on Thursday, October 15th. Finally, UBS Group upgraded shares of Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Liberty Latin America has a consensus rating of “Reduce” and a consensus target price of $10.00.

Get Our Latest Report on Liberty Latin America

Liberty Latin America Stock Up 1.3%

The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. The business’s fifty day simple moving average is $8.47 and its two-hundred day simple moving average is $8.01. The company has a market cap of $1.73 billion, a PE ratio of -18.05 and a beta of 0.78.

Liberty Latin America (NASDAQ:LILA – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported ($0.13) earnings per share (EPS) for the quarter. Liberty Latin America had a negative return on equity of 9.29% and a negative net margin of 2.20%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. On average, analysts predict that Liberty Latin America Ltd. will post -0.47 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Angoitia Alfonso De bought 313,104 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were acquired at an average cost of $20.95 per share, for a total transaction of $6,559,528.80. Following the acquisition, the director directly owned 476,190 shares in the company, valued at approximately $9,976,180.50. This trade represents a 191.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Malone purchased 21,013 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average cost of $8.98 per share, with a total value of $188,696.74. Following the acquisition, the director owned 1,412,175 shares of the company’s stock, valued at approximately $12,681,331.50. The trade was a 1.51% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought 970,439 shares of company stock worth $16,180,721 over the last ninety days. Corporate insiders own 6.25% of the company’s stock.

Institutional Trading of Liberty Latin America

Institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Liberty Latin America during the second quarter worth $28,000. State of Wyoming purchased a new position in shares of Liberty Latin America during the 1st quarter worth approximately $77,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Liberty Latin America in the 2nd quarter valued at approximately $79,000. Corient Private Wealth LP acquired a new stake in shares of Liberty Latin America in the 2nd quarter valued at approximately $79,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Liberty Latin America in the second quarter valued at approximately $81,000. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Liberty Latin America Company Profile

(Get Free Report)

Liberty Latin America Ltd. (NASDAQ: LILA) is a telecommunications and connectivity company serving customers across Latin America and the Caribbean. Its operations provide broadband internet, mobile and fixed-line communications, video and entertainment services, and business connectivity solutions to residential, commercial, and government customers.

The company operates through a portfolio of regional businesses and brands, including Liberty and Flow, as well as operations in markets such as Puerto Rico, Chile, Costa Rica, Panama, and several Caribbean countries.

Further Reading

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