Liberty Latin America (NASDAQ:LILA) Posts Earnings Results, Misses Estimates By $0.23 EPS

Liberty Latin America (NASDAQ:LILA) posted its quarterly earnings data on Wednesday. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.23), FiscalAI reports. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.14 billion. Liberty Latin America had a negative return on equity of 54.11% and a negative net margin of 16.57%.

Liberty Latin America Price Performance

Shares of NASDAQ:LILA traded up $0.96 on Thursday, hitting $8.69. The company had a trading volume of 146,539 shares, compared to its average volume of 378,798. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. The company has a market cap of $1.74 billion, a PE ratio of -2.33 and a beta of 1.01. Liberty Latin America has a 52-week low of $4.25 and a 52-week high of $9.04. The business has a 50 day moving average of $7.65 and a 200 day moving average of $7.90.

Institutional Trading of Liberty Latin America

A number of institutional investors and hedge funds have recently bought and sold shares of LILA. AQR Capital Management LLC bought a new position in Liberty Latin America during the 1st quarter worth $104,000. Empowered Funds LLC grew its position in Liberty Latin America by 7.3% in the first quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock worth $1,359,000 after buying an additional 14,547 shares during the last quarter. Jane Street Group LLC grew its position in Liberty Latin America by 230.6% in the first quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock worth $314,000 after buying an additional 34,640 shares during the last quarter. Strs Ohio bought a new position in shares of Liberty Latin America in the first quarter valued at $34,000. Finally, Corton Capital Inc. bought a new stake in shares of Liberty Latin America during the 2nd quarter worth $66,000. Institutional investors and hedge funds own 18.48% of the company’s stock.

Wall Street Analyst Weigh In

LILA has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research report on Thursday, January 22nd. Benchmark lifted their price target on shares of Liberty Latin America from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, Liberty Latin America presently has an average rating of “Reduce” and an average target price of $9.75.

About Liberty Latin America

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.