Shares of Liberty Latin America Ltd. (NASDAQ:LILA – Get Free Report) hit a new 52-week low on Friday . The stock traded as low as $5.68 and last traded at $5.72, with a volume of 249421 shares trading hands. The stock had previously closed at $6.18.
Analyst Upgrades and Downgrades
Separately, Barclays cut Liberty Latin America from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $8.00 to $6.50 in a report on Tuesday, February 25th.
Check Out Our Latest Report on Liberty Latin America
Liberty Latin America Stock Down 7.9 %
Liberty Latin America (NASDAQ:LILA – Get Free Report) last announced 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 firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. Sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Liberty Latin America
Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC raised its position in shares of Liberty Latin America by 60,327.0% in the 3rd quarter. FMR LLC now owns 2,160,869 shares of the company’s stock valued at $20,701,000 after purchasing an additional 2,157,293 shares in the last quarter. Hsbc Holdings PLC acquired a new position in Liberty Latin America during the 4th quarter worth $2,526,000. UMB Bank n.a. increased its position in shares of Liberty Latin America by 2,129.7% in the 4th quarter. UMB Bank n.a. now owns 169,415 shares of the company’s stock worth $1,077,000 after purchasing an additional 161,817 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Liberty Latin America by 132.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 221,468 shares of the company’s stock valued at $1,409,000 after purchasing an additional 126,383 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB bought a new position in shares of Liberty Latin America during the fourth quarter worth about $753,000. Hedge funds and other institutional investors 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.
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