Liberty Latin America (NASDAQ:LILA) Sees Large Volume Increase – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILA) saw an uptick in trading volume on Monday . Approximately 514,313 shares traded hands during mid-day trading, an increase of 33% from the previous session’s volume of 388,048 shares.The stock last traded at $4.9650 and had previously closed at $4.80.

Wall Street Analyst Weigh In

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

Liberty Latin America Trading Up 4.9%

The company has a market capitalization of $1.01 billion, a P/E ratio of -2.04 and a beta of 0.74. The company has a debt-to-equity ratio of 7.74, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a fifty day moving average of $7.78 and a 200 day moving average of $7.84.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.14). The company 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, equities research analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Balan Nair bought 20,000 shares of Liberty Latin America stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average cost of $8.07 per share, with a total value of $161,400.00. Following the acquisition, the chief executive officer 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Malone bought 12,406,463 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of $8.63 per share, for a total transaction of $107,067,775.69. Following the purchase, the director owned 21,173,018 shares in the company, valued at $182,723,145.34. This trade represents a 141.52% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 6.25% of the company’s stock.

Institutional Trading of Liberty Latin America

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