Liberty Latin America (NASDAQ:LILA) Stock Price Down 6.9% – Here’s What Happened

Liberty Latin America Ltd. (NASDAQ:LILA) shares were down 6.9% during mid-day trading on Thursday . The company traded as low as $4.93 and last traded at $4.9350. 355,378 shares were traded during mid-day trading, a decline of 5% from the average session volume of 375,246 shares. The stock had previously closed at $5.30.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.00.

Liberty Latin America Trading Down 7.8%

The stock has a market cap of $983.84 million, a price-to-earnings ratio of -1.96 and a beta of 0.74. The business’s fifty day simple moving average is $7.92 and its 200 day simple moving average is $7.89. The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.11.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. On average, research analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Insider Transactions at Liberty Latin America

In related news, CEO Balan Nair bought 20,000 shares of the firm’s stock in a transaction on Friday, May 8th. The stock was bought at an average cost of $8.07 per share, for a total transaction of $161,400.00. Following the completion of the purchase, the chief executive officer directly owned 3,125,039 shares in the company, valued at approximately $25,219,064.73. The trade was a 0.64% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Malone purchased 12,406,463 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were bought at an average price of $8.63 per share, for a total transaction of $107,067,775.69. Following the completion of the transaction, the director directly owned 21,173,018 shares in the company, valued at approximately $182,723,145.34. This trade represents a 141.52% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 6.25% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

Several large investors have recently added to or reduced their stakes in LILA. Strs Ohio bought a new stake in Liberty Latin America in the first quarter valued at $34,000. Russell Investments Group Ltd. increased its holdings in shares of Liberty Latin America by 58.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after acquiring an additional 2,070 shares during the period. Danske Bank A S bought a new stake in Liberty Latin America in the 3rd quarter valued at about $56,000. Quantbot Technologies LP lifted its position in Liberty Latin America by 727.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after purchasing an additional 6,289 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Liberty Latin America by 96.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock valued at $69,000 after purchasing an additional 4,089 shares during the period. 18.48% of the stock is owned by institutional investors and hedge funds.

About Liberty Latin America

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.