Insider Selling: Liberty Latin America (NASDAQ:LILA) Director Sells 42,975 Shares of Stock

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

Liberty Latin America Stock Performance

Shares of NASDAQ:LILA traded down $0.10 on Thursday, hitting $8.55. 449,729 shares of the company were exchanged, compared to its average volume of 499,852. The company’s 50 day moving average price is $7.51 and its two-hundred day moving average price is $7.81. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -17.45 and a beta of 0.74. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. Liberty Latin America Ltd. has a one year low of $4.77 and a one year high of $9.04.

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

Hedge Funds Weigh In On Liberty Latin America

Several hedge funds and other institutional investors have recently modified their holdings of LILA. Fourth Sail Capital LP boosted its stake in shares of Liberty Latin America by 21.5% in the 4th quarter. Fourth Sail Capital LP now owns 909,742 shares of the company’s stock valued at $6,723,000 after purchasing an additional 160,981 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Liberty Latin America by 27.3% during the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock worth $7,470,000 after purchasing an additional 185,300 shares in the last quarter. Rubric Capital Management LP increased its position in shares of Liberty Latin America by 93.0% during the 1st quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after purchasing an additional 1,806,935 shares in the last quarter. S&CO Inc. acquired a new stake in shares of Liberty Latin America during the 2nd quarter worth about $469,000. Finally, Handelsbanken Fonder AB lifted its holdings in Liberty Latin America by 37.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 46,900 shares of the company’s stock valued at $368,000 after purchasing an additional 12,700 shares during the last quarter. Institutional investors own 18.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on LILA shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. Morgan Stanley set a $7.00 price objective on shares of Liberty Latin America in a report on Friday, June 26th. One equities 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.com, the stock has an average rating of “Hold” and a consensus target price of $10.00.

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.