Insider Selling: Liberty Latin America (NASDAQ:LILA) CAO Sells 94,494 Shares of Stock

Liberty Latin America Ltd. (NASDAQ:LILA) CAO Brian Zook sold 94,494 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.04, for a total transaction of $759,731.76. Following the completion of the sale, the chief accounting officer directly owned 6,813 shares in the company, valued at $54,776.52. This trade represents a 93.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Liberty Latin America Trading Up 1.0%

Shares of NASDAQ:LILA traded up $0.08 during mid-day trading on Tuesday, reaching $8.09. 206,646 shares of the company were exchanged, compared to its average volume of 403,121. The company has a debt-to-equity ratio of 7.40, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -2.64 and a beta of 1.01. The firm’s 50-day simple moving average is $7.62 and its 200 day simple moving average is $7.92. Liberty Latin America Ltd. has a 1 year low of $4.25 and a 1 year high of $9.04.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Wednesday, February 18th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.23). The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Latin America had a negative return on equity of 50.24% and a negative net margin of 13.76%. Equities research analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Strs Ohio purchased a new position in shares of Liberty Latin America in the 1st quarter valued at $34,000. Russell Investments Group Ltd. lifted its position in Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after acquiring an additional 2,070 shares during the last quarter. CWM LLC boosted its stake in Liberty Latin America by 80.7% in the third quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after acquiring an additional 2,897 shares in the last quarter. Danske Bank A S purchased a new position in shares of Liberty Latin America during the third quarter worth about $56,000. Finally, Quantbot Technologies LP grew its holdings in shares of Liberty Latin America by 727.1% during the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares during the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LILA shares. Benchmark upped their target price 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. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.