Liberty Latin America (NASDAQ:LILA) Sets New 1-Year High – Here’s What Happened

Shares of Liberty Latin America Ltd. (NASDAQ:LILA) hit a new 52-week high on Friday . The stock traded as high as $9.02 and last traded at $8.9450, with a volume of 78550 shares changing hands. The stock had previously closed at $8.76.

Analyst Upgrades and Downgrades

LILA has been the subject of a number of analyst reports. Benchmark upped their price objective on shares of Liberty Latin America from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $9.75.

Liberty Latin America Stock Performance

The stock has a market capitalization of $1.80 billion, a PE ratio of -2.43 and a beta of 1.00. The firm’s fifty day moving average is $8.17 and its 200-day moving average is $7.18. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Wednesday, November 5th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.08. Liberty Latin America had a negative net margin of 16.57% and a negative return on equity of 54.11%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.09 billion. As a group, research analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew its stake in shares of 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 buying an additional 2,070 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Liberty Latin America by 1.6% during the 3rd quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock valued at $1,218,000 after acquiring an additional 2,314 shares during the period. MetLife Investment Management LLC grew its position in Liberty Latin America by 14.7% in the 1st quarter. MetLife Investment Management LLC now owns 18,677 shares of the company’s stock valued at $118,000 after acquiring an additional 2,394 shares in the last quarter. CWM LLC grew its position in Liberty Latin America by 80.7% in the 3rd quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after acquiring an additional 2,897 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Liberty Latin America by 36.1% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,148 shares of the company’s stock worth $90,000 after purchasing an additional 3,755 shares during the period. 18.48% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Latin America Company Profile

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.