Liberty Latin America (NASDAQ:LILA) Sets New 52-Week High at $10.41

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

Wall Street Analyst Weigh In

LILA has been the subject of several recent analyst reports. The Goldman Sachs Group raised their target price on Liberty Latin America from $8.40 to $9.30 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Barclays decreased their price objective on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 7th. Finally, Scotiabank downgraded Liberty Latin America from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 18th.

Liberty Latin America Stock Up 1.8 %

The business’s 50 day simple moving average is $9.17 and its 200-day simple moving average is $7.83. The company has a debt-to-equity ratio of 3.33, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -343.55 and a beta of 1.14.

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 the consensus estimate of ($0.14) by ($0.16). Liberty Latin America had a negative return on equity of 0.23% and a negative net margin of 0.12%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the business posted ($0.23) earnings per share. Sell-side analysts expect that Liberty Latin America Ltd. will post -0.09 earnings per share for the current year.

Insider Activity

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

Institutional Investors Weigh In On Liberty Latin America

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL raised its position in shares of Liberty Latin America by 21.3% in the first quarter. Gamco Investors INC. ET AL now owns 465,241 shares of the company’s stock valued at $3,243,000 after purchasing an additional 81,627 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Liberty Latin America in the 4th quarter worth $38,000. Principal Financial Group Inc. acquired a new position in Liberty Latin America during the 1st quarter worth $144,000. Bailard Inc. acquired a new position in Liberty Latin America during the 4th quarter worth $523,000. Finally, Panagora Asset Management Inc. boosted its holdings in Liberty Latin America by 3.6% during the fourth quarter. Panagora Asset Management Inc. now owns 438,094 shares of the company’s stock valued at $3,202,000 after acquiring an additional 15,416 shares during the period. 18.48% of the stock is currently owned by institutional investors and hedge funds.

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.