Liberty Latin America (NASDAQ:LILA) Posts Quarterly Earnings Results

Liberty Latin America (NASDAQ:LILA) issued its earnings results on Wednesday. The company reported ($0.13) earnings per share (EPS) for the quarter, FiscalAI reports. Liberty Latin America had a negative return on equity of 9.10% and a negative net margin of 2.20%.The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion.

Liberty Latin America Trading Down 2.2%

Shares of LILA stock traded down $0.19 during mid-day trading on Friday, hitting $8.51. 420,425 shares of the company’s stock were exchanged, compared to its average volume of 498,672. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -17.37 and a beta of 0.74. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74. Liberty Latin America has a fifty-two week low of $4.77 and a fifty-two week high of $9.04. The stock has a 50-day simple moving average of $7.46 and a two-hundred day simple moving average of $7.78.

Insider Buying and Selling at Liberty Latin America

In related news, Director John C. Malone bought 12,406,463 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $8.63 per share, with a total value of $107,067,775.69. Following the completion of the transaction, the director owned 21,173,018 shares of the company’s stock, valued at approximately $182,723,145.34. The trade was a 141.52% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Balan Nair acquired 164,914 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were purchased at an average price of $6.07 per share, with a total value of $1,001,027.98. Following the completion of the acquisition, the chief executive officer owned 3,276,798 shares in the company, valued at approximately $19,890,163.86. The trade was a 5.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 14,800,228 shares of company stock worth $121,088,231. 6.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LILA. Invesco Ltd. lifted its holdings in Liberty Latin America by 79.8% in the 4th quarter. Invesco Ltd. now owns 23,263 shares of the company’s stock worth $172,000 after buying an additional 10,323 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of Liberty Latin America by 29.1% during the fourth quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock valued at $116,000 after acquiring an additional 3,524 shares in the last quarter. Brooklyn Investment Group grew its stake in Liberty Latin America by 1,160.7% during the 3rd quarter. Brooklyn Investment Group now owns 17,044 shares of the company’s stock valued at $141,000 after purchasing an additional 15,692 shares in the last quarter. FourThought Financial Partners LLC acquired a new stake in Liberty Latin America during the 3rd quarter valued at approximately $119,000. Finally, Raymond James Financial Inc. raised its position in shares of Liberty Latin America by 68.8% in the 2nd quarter. Raymond James Financial Inc. now owns 17,015 shares of the company’s stock valued at $104,000 after purchasing an additional 6,935 shares in the last quarter. 18.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on LILA shares. Morgan Stanley set a $7.00 target price on shares of Liberty Latin America in a report on Friday, June 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

Liberty Latin America Company Profile

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.