Liberty Latin America (NASDAQ:LILA) Hits New 52-Week High at $10.25

Liberty Latin America Ltd. (NASDAQ:LILA) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $10.25 and last traded at $10.25, with a volume of 16084 shares traded. The stock had previously closed at $10.15.

Analysts Set New Price Targets

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

Liberty Latin America Stock Performance

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 stock’s 50-day moving average price is $8.94 and its 200-day moving average price is $7.67.

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

Insider Activity

In related news, Director Brendan J. Paddick acquired 250,000 shares of the stock in a transaction dated Friday, June 21st. The stock was bought at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the purchase, the director now directly owns 886,108 shares of the company’s stock, valued at approximately $7,842,055.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Liberty Latin America news, insider Dustin Henderson sold 5,906 shares of the business’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $10.00, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Brendan J. Paddick purchased 250,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were acquired at an average price of $8.85 per share, with a total value of $2,212,500.00. Following the purchase, the director now directly owns 886,108 shares in the company, valued at approximately $7,842,055.80. The disclosure for this purchase can be found here. 11.35% of the stock is currently owned by company insiders.

Institutional Trading of Liberty Latin America

A number of hedge funds and other institutional investors have recently bought and sold shares of LILA. DekaBank Deutsche Girozentrale bought a new stake in Liberty Latin America during the 4th quarter valued at $38,000. TFO Wealth Partners LLC grew its stake in shares of Liberty Latin America by 17,797.6% in the 4th quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock worth $54,000 after acquiring an additional 7,297 shares in the last quarter. Cullen Investment Group LTD. bought a new stake in shares of Liberty Latin America in the 4th quarter worth $86,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Liberty Latin America by 38.5% in the 4th 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 in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Liberty Latin America by 80.8% in the 1st 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 in the last quarter. Institutional investors own 18.48% 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.