Liberty Latin America (NASDAQ:LILA) Reaches New 1-Year High at $9.94

Liberty Latin America Ltd. (NASDAQ:LILA)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $9.94 and last traded at $9.89, with a volume of 67738 shares. The stock had previously closed at $9.81.

Analysts Set New Price Targets

A number of analysts have commented on LILA shares. Barclays reduced their target price on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating for the company in a report on Tuesday, May 7th. The Goldman Sachs Group boosted their price objective on Liberty Latin America from $8.40 to $9.30 and gave the company a “buy” rating in a research report on Tuesday, May 28th.

Liberty Latin America Trading Up 1.1 %

The business has a 50 day moving average price of $8.80 and a 200 day moving average price of $7.59. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.12 and a current ratio of 1.12.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Tuesday, May 7th. The company reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.16). The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Liberty Latin America had a negative return on equity of 0.23% and a negative net margin of 0.12%. During the same quarter in the prior year, the company earned ($0.23) EPS. As a group, equities research analysts predict that Liberty Latin America Ltd. will post -0.64 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Brendan J. Paddick acquired 150,000 shares of Liberty Latin America stock in a transaction on Monday, June 24th. The stock was acquired at an average price of $9.10 per share, for a total transaction of $1,365,000.00. Following the purchase, the director now owns 1,036,108 shares of the company’s stock, valued at approximately $9,428,582.80. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Brendan J. Paddick acquired 150,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were bought at an average cost of $9.10 per share, for a total transaction of $1,365,000.00. Following the acquisition, the director now owns 1,036,108 shares in the company, valued at approximately $9,428,582.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Brendan J. Paddick bought 250,000 shares of the stock in a transaction dated Friday, June 21st. The shares were bought at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the acquisition, the director now owns 886,108 shares in the company, valued at $7,842,055.80. The disclosure for this purchase can be found here. 11.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Liberty Latin America

Large investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale purchased a new position in Liberty Latin America during the fourth quarter worth about $38,000. TFO Wealth Partners LLC increased its stake in shares of Liberty Latin America by 17,797.6% during the 4th quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock worth $54,000 after purchasing an additional 7,297 shares in the last quarter. Cullen Investment Group LTD. purchased a new position in shares of Liberty Latin America during the 4th quarter worth approximately $86,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Liberty Latin America by 38.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock worth $114,000 after acquiring an additional 4,322 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Liberty Latin America by 80.8% during the first quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock worth $117,000 after acquiring an additional 7,494 shares during the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

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.