Short Interest in Liberty Latin America Ltd. (NASDAQ:LILA) Increases By 27.0%

Liberty Latin America Ltd. (NASDAQ:LILA) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 531,809 shares, a growth of 27.0% from the February 12th total of 418,809 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 389,225 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 389,225 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.3% of the company’s stock are short sold.

Insiders Place Their Bets

In other Liberty Latin America news, CAO Brian D. Zook sold 94,494 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.04, for a total value of $759,731.76. Following the transaction, the chief accounting officer owned 6,813 shares in the company, valued at approximately $54,776.52. This represents a 93.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.35% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio purchased a new stake in shares of Liberty Latin America during the first quarter valued at approximately $34,000. Russell Investments Group Ltd. lifted its holdings in Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after acquiring an additional 2,070 shares during the period. CWM LLC increased its position in shares of Liberty Latin America by 80.7% during the 3rd quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after purchasing an additional 2,897 shares during the last quarter. Danske Bank A S bought a new stake in shares of Liberty Latin America during the 3rd quarter valued at $56,000. Finally, Quantbot Technologies LP raised its holdings in Liberty Latin America by 727.1% in 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. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Liberty Latin America Price Performance

Shares of Liberty Latin America stock traded up $0.14 during trading on Tuesday, hitting $7.90. 20,616 shares of the stock traded hands, compared to its average volume of 360,848. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 7.40. Liberty Latin America has a 52 week low of $4.25 and a 52 week high of $9.04. The firm’s fifty day moving average is $7.67 and its 200-day moving average is $7.92. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -2.58 and a beta of 1.00.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Wednesday, February 18th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.23). The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Latin America had a negative net margin of 13.76% and a negative return on equity of 50.24%. Research analysts expect that Liberty Latin America will post -0.22 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Thursday, January 22nd. One investment 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 presently has a consensus rating of “Hold” and an average price target of $13.00.

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.