Liberty Latin America Ltd. (NASDAQ:LILA) Sees Significant Decline in Short Interest

Liberty Latin America Ltd. (NASDAQ:LILA) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 877,300 shares, a decline of 12.0% from the January 31st total of 996,500 shares. Based on an average daily volume of 397,900 shares, the short-interest ratio is presently 2.2 days. Approximately 2.7% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Barclays lowered Liberty Latin America from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $8.00 to $6.50 in a research note on Tuesday, February 25th.

Insiders Place Their Bets

In other news, Director Brendan J. Paddick purchased 18,011 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was purchased at an average price of $6.12 per share, with a total value of $110,227.32. Following the completion of the purchase, the director now directly owns 1,437,518 shares in the company, valued at approximately $8,797,610.16. This trade represents a 1.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.35% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new position in Liberty Latin America during the 4th quarter valued at about $37,000. EntryPoint Capital LLC purchased a new position in Liberty Latin America during the 4th quarter valued at about $69,000. Intech Investment Management LLC purchased a new position in Liberty Latin America during the 3rd quarter valued at about $104,000. Marshall Wace LLP purchased a new position in Liberty Latin America during the 4th quarter valued at about $77,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in Liberty Latin America by 12.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company’s stock valued at $80,000 after purchasing an additional 1,422 shares during the period. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Liberty Latin America Trading Up 2.1 %

NASDAQ LILA opened at $6.88 on Friday. Liberty Latin America has a 1-year low of $5.94 and a 1-year high of $10.82. The company has a current ratio of 1.04, a quick ratio of 1.06 and a debt-to-equity ratio of 4.68. The stock has a 50-day moving average of $6.70 and a 200-day moving average of $7.93. The firm has a market cap of $1.35 billion, a PE ratio of -2.06 and a beta of 1.03.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share for the quarter. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 33.41%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, sell-side analysts forecast that Liberty Latin America will post -0.22 EPS for the current year.

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.