Liberty Latin America Ltd. (NASDAQ:LILA) Short Interest Update

Liberty Latin America Ltd. (NASDAQ:LILA) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 531,809 shares, an increase of 27.0% from the February 12th total of 418,809 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 389,225 shares, the short-interest ratio is presently 1.4 days. Based on an average trading volume of 389,225 shares, the short-interest ratio is presently 1.4 days. Approximately 0.3% of the company’s shares are sold short.

Liberty Latin America Stock Up 0.3%

Shares of LILA traded up $0.02 on Friday, reaching $7.58. The stock had a trading volume of 261,837 shares, compared to its average volume of 320,763. The company has a debt-to-equity ratio of 7.40, a quick ratio of 1.14 and a current ratio of 1.14. Liberty Latin America has a 12-month low of $4.25 and a 12-month high of $9.04. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -2.48 and a beta of 1.00. The company has a 50-day simple moving average of $7.66 and a 200-day simple moving average of $7.92.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Wednesday, February 18th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.23). The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Latin America had a negative return on equity of 50.24% and a negative net margin of 13.76%. Sell-side analysts predict that Liberty Latin America will post -0.22 EPS for the current year.

Insider Transactions at Liberty Latin America

In other Liberty Latin America news, CAO Brian D. Zook sold 94,494 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $8.04, for a total value of $759,731.76. Following the completion of the transaction, the chief accounting officer directly owned 6,813 shares in the company, valued at approximately $54,776.52. This represents a 93.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 11.35% of the company’s stock.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $13.00.

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.