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

Liberty Latin America (NASDAQ:LILA) announced its quarterly earnings results on Tuesday. The company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.16), Yahoo Finance reports. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Liberty Latin America had a negative net margin of 1.21% and a negative return on equity of 2.26%. During the same quarter in the prior year, the business posted ($0.23) earnings per share.

Liberty Latin America Trading Up 0.7 %

Shares of NASDAQ LILA traded up $0.06 on Wednesday, reaching $8.27. 235,634 shares of the company traded hands, compared to its average volume of 434,134. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 3.29. The stock has a market capitalization of $1.70 billion, a PE ratio of -31.11 and a beta of 1.12. Liberty Latin America has a fifty-two week low of $5.90 and a fifty-two week high of $9.85. The company has a 50 day moving average of $7.03 and a 200 day moving average of $6.96.

Analyst Upgrades and Downgrades

Separately, Barclays dropped their target price on shares of Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday.

Insider Transactions at Liberty Latin America

In other news, major shareholder John C. Malone purchased 484,673 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were purchased at an average price of $6.72 per share, with a total value of $3,257,002.56. Following the purchase, the insider now directly owns 8,360,255 shares of the company’s stock, valued at approximately $56,180,913.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Liberty Latin America news, major shareholder John C. Malone bought 484,673 shares of the stock in a transaction on Friday, March 22nd. The stock was purchased at an average price of $6.72 per share, for a total transaction of $3,257,002.56. Following the completion of the purchase, the insider now directly owns 8,360,255 shares in the company, valued at $56,180,913.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder John C. Malone bought 106,900 shares of the business’s stock in a transaction on Thursday, March 28th. The stock was bought at an average price of $6.99 per share, for a total transaction of $747,231.00. Following the completion of the purchase, the insider now directly owns 8,827,614 shares of the company’s stock, valued at approximately $61,705,021.86. The disclosure for this purchase can be found here. Insiders have bought a total of 1,220,056 shares of company stock worth $8,247,512 in the last three months. 11.35% of the stock is currently owned by company insiders.

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.