Liberty Latin America (NASDAQ:LILA) Hits New 52-Week High – Time to Buy?

Liberty Latin America Ltd. (NASDAQ:LILA) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $9.04 and last traded at $8.9880, with a volume of 62,203 shares. The stock had previously closed at $8.73.

Analysts Set New Price Targets

Several analysts have recently commented on LILA shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Thursday, October 15th. UBS Group upgraded Liberty Latin America to a “hold” rating in a research note on Thursday, September 3rd. Finally, Morgan Stanley lowered Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 target price on the stock. in a research report on Thursday, August 20th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $10.00.

Liberty Latin America Stock Up 0.2%

The company’s 50-day moving average is $8.47 and its 200 day moving average is $8.02. The stock has a market capitalization of $1.75 billion, a PE ratio of -9.58 and a beta of 0.78. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Wednesday, November 4th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.33). Liberty Latin America had a negative return on equity of 16.82% and a negative net margin of 3.86%. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.14 billion. As a group, analysts anticipate that Liberty Latin America Ltd. will post -0.47 EPS for the current year.

Insider Activity at Liberty Latin America

In other Liberty Latin America news, Director Charles H. R. Bracken sold 42,975 shares of Liberty Latin America stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $8.57, for a total transaction of $368,295.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Malone purchased 113,704 shares of the company’s stock in a transaction on Monday, August 10th. The shares were purchased at an average price of $10.12 per share, for a total transaction of $1,150,684.48. Following the purchase, the director owned 1,351,126 shares in the company, valued at approximately $13,673,395.12. The trade was a 9.19% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 867,111 shares of company stock valued at $14,427,245 in the last ninety days. Company insiders own 6.25% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

A number of institutional investors and hedge funds have recently modified their holdings of LILA. Rubric Capital Management LP lifted its position in Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock valued at $32,400,000 after purchasing an additional 1,806,935 shares during the period. Renaissance Technologies LLC boosted its holdings in Liberty Latin America by 27.3% in the first quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock valued at $7,470,000 after purchasing an additional 185,300 shares during the last quarter. State Street Corp grew its position in Liberty Latin America by 11.6% during the 2nd quarter. State Street Corp now owns 750,725 shares of the company’s stock worth $5,886,000 after purchasing an additional 77,953 shares during the period. Bank of New York Mellon Corp acquired a new stake in Liberty Latin America during the 2nd quarter worth about $3,140,000. Finally, Empowered Funds LLC grew its position in Liberty Latin America by 9.9% during the 1st quarter. Empowered Funds LLC now owns 265,587 shares of the company’s stock worth $2,295,000 after purchasing an additional 23,954 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 Ltd. (NASDAQ: LILA) is a telecommunications and connectivity company serving customers across Latin America and the Caribbean. Its operations provide broadband internet, mobile and fixed-line communications, video and entertainment services, and business connectivity solutions to residential, commercial, and government customers.

The company operates through a portfolio of regional businesses and brands, including Liberty and Flow, as well as operations in markets such as Puerto Rico, Chile, Costa Rica, Panama, and several Caribbean countries.