Liberty Latin America (NASDAQ:LILA) Sets New 12-Month High at $10.41

Liberty Latin America Ltd. (NASDAQ:LILA)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $10.41 and last traded at $10.34, with a volume of 163052 shares. The stock had previously closed at $10.16.

Analyst Ratings Changes

Several brokerages recently weighed in on LILA. Scotiabank cut shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Barclays decreased their price target on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 7th. Finally, The Goldman Sachs Group lifted their price objective on Liberty Latin America from $8.40 to $9.30 and gave the stock a “buy” rating in a research note on Tuesday, May 28th.

Liberty Latin America Trading Up 1.8 %

The company has a debt-to-equity ratio of 3.33, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -343.55 and a beta of 1.14. The firm’s fifty day moving average is $9.17 and its 200-day moving average is $7.83.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.16). Liberty Latin America had a negative net margin of 0.12% and a negative return on equity of 0.23%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the prior year, the firm earned ($0.23) earnings per share. Equities analysts anticipate that Liberty Latin America Ltd. will post -0.09 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Dustin Henderson sold 5,906 shares of Liberty Latin America stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total value of $59,060.00. Following the completion of the sale, the insider now owns 1,600 shares in the company, valued at approximately $16,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Brendan J. Paddick purchased 150,000 shares of the business’s stock in a transaction on Monday, June 24th. The shares were acquired at an average price of $9.10 per share, for a total transaction of $1,365,000.00. Following the completion of the acquisition, the director now owns 1,036,108 shares in the company, valued at $9,428,582.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Dustin Henderson sold 5,906 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total value of $59,060.00. Following the completion of the sale, the insider now directly owns 1,600 shares of the company’s stock, valued at approximately $16,000. The disclosure for this sale can be found here. Company insiders own 11.35% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

A number of large investors have recently modified their holdings of LILA. Principal Financial Group Inc. increased its stake in Liberty Latin America by 7.4% during the 2nd quarter. Principal Financial Group Inc. now owns 22,129 shares of the company’s stock valued at $213,000 after purchasing an additional 1,523 shares in the last quarter. Banco Santander S.A. bought a new stake in shares of Liberty Latin America during the second quarter worth about $5,203,000. Bank of New York Mellon Corp increased its position in shares of Liberty Latin America by 11.0% during the second quarter. Bank of New York Mellon Corp now owns 135,083 shares of the company’s stock worth $1,298,000 after acquiring an additional 13,406 shares in the last quarter. Genesis Investment Management LLP raised its holdings in shares of Liberty Latin America by 3.3% in the 2nd quarter. Genesis Investment Management LLP now owns 652,316 shares of the company’s stock worth $6,269,000 after acquiring an additional 20,580 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in Liberty Latin America by 304.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock valued at $149,000 after acquiring an additional 16,215 shares in the last quarter. 18.48% of the stock is currently owned by 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.