Liberty Latin America (NASDAQ:LILAK) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Liberty Latin America (NASDAQ:LILAK) from a buy rating to a hold rating in a research report released on Tuesday.

Liberty Latin America Trading Up 1.0%

Liberty Latin America stock opened at $5.20 on Tuesday. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day simple moving average is $5.66 and its 200-day simple moving average is $6.42. The firm has a market capitalization of $1.04 billion, a PE ratio of -1.56 and a beta of 0.92. Liberty Latin America has a 52 week low of $4.23 and a 52 week high of $10.93.

Liberty Latin America (NASDAQ:LILAK) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.55). Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion.

Insider Activity at Liberty Latin America

In other news, CEO Balan Nair purchased 22,779 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of $4.39 per share, for a total transaction of $99,999.81. Following the completion of the purchase, the chief executive officer now directly owns 1,651,001 shares of the company’s stock, valued at approximately $7,247,894.39. The trade was a 1.40% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christopher J. Noyes purchased 8,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average price of $4.53 per share, for a total transaction of $36,240.00. Following the completion of the purchase, the chief financial officer now directly owns 231,621 shares of the company’s stock, valued at approximately $1,049,243.13. This trade represents a 3.58% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 9.66% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

Institutional investors have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC boosted its holdings in Liberty Latin America by 4,054.1% during the fourth quarter. Hsbc Holdings PLC now owns 809,417 shares of the company’s stock valued at $5,087,000 after purchasing an additional 789,932 shares in the last quarter. Wittenberg Investment Management Inc. boosted its holdings in Liberty Latin America by 66.8% during the fourth quarter. Wittenberg Investment Management Inc. now owns 293,775 shares of the company’s stock valued at $1,863,000 after purchasing an additional 117,683 shares in the last quarter. Barclays PLC boosted its holdings in Liberty Latin America by 55.8% during the third quarter. Barclays PLC now owns 200,249 shares of the company’s stock valued at $1,900,000 after purchasing an additional 71,734 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Liberty Latin America by 28.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,929,978 shares of the company’s stock valued at $24,916,000 after purchasing an additional 869,420 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Liberty Latin America during the fourth quarter valued at approximately $572,000. 52.98% of the stock is owned by institutional investors and hedge funds.

About Liberty Latin America

Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.