Liberty Latin America (NASDAQ:LILA) Reaches New 52-Week Low – Here’s What Happened

Liberty Latin America Ltd. (NASDAQ:LILA)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $5.36 and last traded at $5.42, with a volume of 125735 shares changing hands. The stock had previously closed at $7.79.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Liberty Latin America Stock Down 9.4%

The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74. The company has a fifty day moving average price of $7.85 and a 200-day moving average price of $7.87. The stock has a market capitalization of $966.72 million, a P/E ratio of -1.94 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Latin America had a negative net margin of 11.20% and a negative return on equity of 45.66%. As a group, research analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Insider Activity at Liberty Latin America

In other news, Director John C. Malone bought 12,406,463 shares of the stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the transaction, the director owned 21,173,018 shares of the company’s stock, valued at $182,723,145.34. The trade was a 141.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Balan Nair purchased 20,000 shares of Liberty Latin America stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 3,125,039 shares of the company’s stock, valued at $25,219,064.73. The trade was a 0.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 6.25% of the stock is owned by corporate insiders.

Institutional Trading of Liberty Latin America

Several hedge funds have recently made changes to their positions in LILA. AQR Capital Management LLC bought a new position in shares of Liberty Latin America in the 1st quarter valued at about $104,000. Empowered Funds LLC grew its position in Liberty Latin America by 7.3% in the first quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock worth $1,359,000 after acquiring an additional 14,547 shares in the last quarter. Jane Street Group LLC increased its stake in Liberty Latin America by 230.6% during the first quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock worth $314,000 after acquiring an additional 34,640 shares during the last quarter. Strs Ohio bought a new stake in Liberty Latin America during the first quarter worth approximately $34,000. Finally, Geode Capital Management LLC raised its position in Liberty Latin America by 12.2% during the second quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock valued at $4,042,000 after purchasing an additional 71,873 shares during the period. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

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.