Liberty Latin America (NASDAQ:LILAK) Upgraded at StockNews.com

StockNews.com upgraded shares of Liberty Latin America (NASDAQ:LILAK) from a hold rating to a buy rating in a research note published on Monday morning.

Liberty Latin America Stock Up 1.4%

LILAK opened at $5.06 on Monday. Liberty Latin America has a fifty-two week low of $4.23 and a fifty-two week high of $10.93. The business has a 50-day moving average of $5.76 and a 200-day moving average of $6.56. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $996.31 million, a PE ratio of -1.51 and a beta of 0.92.

Liberty Latin America (NASDAQ:LILAK) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.55). Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%. The company 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 acquired 22,779 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were bought at an average price of $4.39 per share, with a total value of $99,999.81. Following the acquisition, the chief executive officer now owns 1,651,001 shares of the company’s stock, valued at $7,247,894.39. This trade represents a 1.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Christopher J. Noyes acquired 8,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were purchased at an average cost of $4.53 per share, for a total transaction of $36,240.00. Following the acquisition, the chief financial officer now directly owns 231,621 shares in the company, valued at $1,049,243.13. This represents a 3.58% increase in their position. The disclosure for this purchase can be found here. 9.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Latin America

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc lifted its position in shares of Liberty Latin America by 556.5% during the 1st quarter. Versant Capital Management Inc now owns 5,331 shares of the company’s stock worth $33,000 after buying an additional 4,519 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Liberty Latin America during the 4th quarter worth approximately $41,000. Bleakley Financial Group LLC bought a new position in Liberty Latin America in the 4th quarter valued at $65,000. Bridgefront Capital LLC bought a new position in Liberty Latin America in the 4th quarter valued at $65,000. Finally, Sargent Investment Group LLC bought a new position in Liberty Latin America in the 4th quarter valued at $69,000. Institutional investors own 52.98% of the company’s stock.

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.