Liberty Latin America (NASDAQ:LILA) Trading Down 5.1% – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILA)’s share price fell 5.1% during mid-day trading on Friday . The stock traded as low as $7.78 and last traded at $7.7850. 287,260 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 338,261 shares. The stock had previously closed at $8.20.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $13.00.

Liberty Latin America Stock Performance

The firm’s fifty day moving average price is $8.08 and its 200-day moving average price is $7.96. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of -3.20 and a beta of 0.75.

Shares of Liberty Latin America are going to split on Monday, June 1st. The 11-10 split was recently announced. The newly minted shares will be payable to shareholders after the market closes on Sunday, May 31st.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. Analysts expect that Liberty Latin America Ltd. will post -0.02 earnings per share for the current year.

Insider Activity

In related news, CEO Balan Nair bought 20,000 shares of the stock in a transaction dated Friday, May 8th. The stock was acquired at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the acquisition, the chief executive officer owned 3,125,039 shares in the company, valued at approximately $25,219,064.73. This represents a 0.64% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.25% of the company’s stock.

Institutional Trading of Liberty Latin America

Large investors have recently bought and sold shares of the business. Strs Ohio acquired a new stake in Liberty Latin America during the 1st quarter worth $34,000. Russell Investments Group Ltd. boosted its stake in Liberty Latin America by 58.8% during the 3rd 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. Danske Bank A S acquired a new stake in Liberty Latin America during the 3rd quarter worth $56,000. Quantbot Technologies LP boosted its stake in Liberty Latin America by 727.1% during the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares during the period. Finally, Covestor Ltd boosted its stake in Liberty Latin America by 6,532.0% during the 3rd quarter. Covestor Ltd now owns 8,290 shares of the company’s stock worth $69,000 after purchasing an additional 8,165 shares during the period. Institutional investors and hedge funds own 18.48% of the company’s stock.

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.