Liberty Latin America (NASDAQ:LILA) Shares Down 6.9% – Should You Sell?

Liberty Latin America Ltd. (NASDAQ:LILA) dropped 6.9% during mid-day trading on Thursday . The stock traded as low as $4.93 and last traded at $4.9350. 355,378 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 375,246 shares. The stock had previously closed at $5.30.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One 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 has an average rating of “Hold” and an average target price of $13.00.

Liberty Latin America Stock Performance

The firm has a market cap of $966.72 million, a price-to-earnings ratio of -1.94 and a beta of 0.74. The business has a 50 day moving average of $7.78 and a 200 day moving average of $7.85. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74.

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

Insider Buying and Selling

In other news, CEO Balan Nair acquired 20,000 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was acquired at an average price of $8.07 per share, with a total value of $161,400.00. Following the completion of the transaction, the chief executive officer directly owned 3,125,039 shares in the company, valued at approximately $25,219,064.73. This represents a 0.64% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John C. Malone acquired 12,406,463 shares of Liberty Latin America stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the purchase, the director directly owned 21,173,018 shares of the company’s stock, valued at approximately $182,723,145.34. This trade represents a 141.52% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 6.25% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

Several hedge funds have recently made changes to their positions in the business. Rubric Capital Management LP increased its stake in Liberty Latin America by 93.0% in 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 last quarter. Empowered Funds LLC boosted its stake in Liberty Latin America by 9.9% in the 1st quarter. Empowered Funds LLC now owns 265,587 shares of the company’s stock worth $2,295,000 after buying an additional 23,954 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Liberty Latin America by 27.3% in the 1st quarter. Renaissance Technologies LLC now owns 864,559 shares of the company’s stock worth $7,470,000 after buying an additional 185,300 shares during the last quarter. State of Wyoming purchased a new stake in Liberty Latin America in the 1st quarter valued at about $77,000. Finally, PNC Financial Services Group Inc. grew its holdings in Liberty Latin America by 31.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after buying an additional 2,693 shares during the period. Institutional investors and hedge funds 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.