Liberty Latin America (NASDAQ:LILA) Hits New 12-Month Low – What’s Next?

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

Analysts Set New Price Targets

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

Liberty Latin America Price Performance

The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -2.15 and a beta of 0.74. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74. The stock’s fifty day moving average price is $7.98 and its 200-day moving average price is $7.92.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The business had revenue of $1.08 billion during the quarter, compared to analyst estimates 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, equities research analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Liberty Latin America news, Director John C. Malone purchased 12,406,463 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $8.63 per share, with a total value of $107,067,775.69. Following the purchase, 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Balan Nair purchased 20,000 shares of the stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of $8.07 per share, with a total value of $161,400.00. Following the completion of the acquisition, the chief executive officer owned 3,125,039 shares in the company, valued at approximately $25,219,064.73. This trade represents a 0.64% increase in their position. The disclosure for this purchase is available in the SEC filing. 6.25% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Strs Ohio acquired a new stake in shares of Liberty Latin America during the first quarter valued at about $34,000. Russell Investments Group Ltd. lifted 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 last quarter. Danske Bank A S acquired a new position in shares of Liberty Latin America in the 3rd quarter worth approximately $56,000. Quantbot Technologies LP boosted its position in shares of Liberty Latin America by 727.1% during 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. Finally, PNC Financial Services Group Inc. boosted its position in shares of 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 worth $69,000 after purchasing an additional 4,089 shares during the period. Hedge funds and other institutional investors own 18.48% of the company’s stock.

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.