Liberty Latin America (NASDAQ:LILA) Shares Down 3.7% – Time to Sell?

Shares of Liberty Latin America Ltd. (NASDAQ:LILA) traded down 3.7% on Monday . The stock traded as low as $7.72 and last traded at $7.6840. 142,302 shares were traded during mid-day trading, a decline of 65% from the average session volume of 410,109 shares. The stock had previously closed at $7.98.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on LILA shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Wednesday, October 8th. Benchmark raised their target price on shares of Liberty Latin America from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Liberty Latin America presently has an average rating of “Reduce” and an average target price of $9.75.

Liberty Latin America Stock Down 4.2%

The firm has a 50 day moving average of $8.23 and a two-hundred day moving average of $7.48. The stock has a market capitalization of $1.53 billion, a PE ratio of -2.07 and a beta of 1.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.08. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative return on equity of 54.11% and a negative net margin of 16.57%. Equities research analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Institutional Trading of Liberty Latin America

Several large investors have recently modified their holdings of LILA. Russell Investments Group Ltd. raised its stake in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after purchasing an additional 2,070 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Liberty Latin America by 1.6% during the 3rd 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 during the last quarter. MetLife Investment Management LLC raised its position in shares of Liberty Latin America by 14.7% in the 1st quarter. MetLife Investment Management LLC now owns 18,677 shares of the company’s stock worth $118,000 after buying an additional 2,394 shares during the period. CWM LLC boosted its holdings in Liberty Latin America by 80.7% in the third quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after acquiring an additional 2,897 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Liberty Latin America by 96.2% in the third quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock valued at $69,000 after acquiring an additional 4,089 shares during 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.