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

Liberty Latin America Ltd. (NASDAQ:LILA) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 877,300 shares, a decrease of 12.0% from the January 31st total of 996,500 shares. Currently, 2.7% of the company’s stock are sold short. Based on an average trading volume of 397,900 shares, the short-interest ratio is currently 2.2 days.

Insiders Place Their Bets

In other news, Director Brendan J. Paddick bought 31,989 shares of Liberty Latin America stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $6.20 per share, for a total transaction of $198,331.80. Following the acquisition, the director now owns 1,419,507 shares of the company’s stock, valued at approximately $8,800,943.40. The trade was a 2.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 11.35% of the company’s stock.

Institutional Trading of Liberty Latin America

Hedge funds have recently made changes to their positions in the stock. KLP Kapitalforvaltning AS bought a new stake in shares of Liberty Latin America in the 4th quarter worth approximately $37,000. EntryPoint Capital LLC bought a new position in Liberty Latin America in the 4th quarter valued at approximately $69,000. Intech Investment Management LLC bought a new position in Liberty Latin America in the 3rd quarter valued at approximately $104,000. Marshall Wace LLP bought a new position in Liberty Latin America in the 4th quarter valued at approximately $77,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Liberty Latin America by 12.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company’s stock valued at $80,000 after acquiring an additional 1,422 shares in the last quarter. 18.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Liberty Latin America Stock Performance

Shares of LILA opened at $6.88 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.04 and a debt-to-equity ratio of 4.68. The business’s 50 day moving average price is $6.70 and its 200-day moving average price is $7.93. Liberty Latin America has a 52 week low of $5.94 and a 52 week high of $10.82. The stock has a market cap of $1.35 billion, a P/E ratio of -2.06 and a beta of 1.03.

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

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.