Liberty Latin America (NASDAQ:LILA) Trading Up 8.8% – Still a Buy?

Shares of Liberty Latin America Ltd. (NASDAQ:LILA) rose 8.8% during trading on Tuesday . The stock traded as high as $8.51 and last traded at $8.4760. Approximately 350,366 shares changed hands during trading, a decline of 28% from the average daily volume of 483,934 shares. The stock had previously closed at $7.79.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LILA shares. Morgan Stanley set a $7.00 target price on shares of Liberty Latin America in a report on Friday, June 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Liberty Latin America currently has an average rating of “Hold” and a consensus target price of $10.00.

Liberty Latin America Stock Down 4.6%

The company has a fifty day moving average of $7.42 and a two-hundred day moving average of $7.74. The company has a market cap of $1.64 billion, a PE ratio of -3.27 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.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. As a group, analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Insider Activity

In other news, Director John C. Malone purchased 12,406,463 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $8.63 per share, for a total transaction of $107,067,775.69. Following the acquisition, the director 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP John M. Winter acquired 5,071 shares of Liberty Latin America stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of $19.67 per share, for a total transaction of $99,746.57. Following the completion of the transaction, the senior vice president directly owned 64,547 shares in the company, valued at $1,269,639.49. This trade represents a 8.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 14,820,228 shares of company stock valued at $121,249,631 in the last quarter. 6.25% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio bought a new stake in shares of Liberty Latin America in the 1st quarter valued at about $34,000. Russell Investments Group Ltd. raised its stake in Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after buying an additional 2,070 shares in the last quarter. Danske Bank A S bought a new position in Liberty Latin America in the third quarter worth approximately $56,000. Quantbot Technologies LP lifted its holdings in Liberty Latin America by 727.1% during the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after buying an additional 6,289 shares during the period. Finally, State of Wyoming purchased a new stake in Liberty Latin America during the first quarter worth $77,000. 18.48% of the stock is currently owned by institutional investors.

Liberty Latin America Company Profile

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.