Liberty Latin America (NASDAQ:LILA) CAO Sells $759,731.76 in Stock

Liberty Latin America Ltd. (NASDAQ:LILA) CAO Brian Zook sold 94,494 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $8.04, for a total transaction of $759,731.76. Following the sale, the chief accounting officer directly owned 6,813 shares of the company’s stock, valued at $54,776.52. This represents a 93.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Liberty Latin America Price Performance

Liberty Latin America stock traded up $0.08 during midday trading on Tuesday, reaching $8.09. The company had a trading volume of 206,646 shares, 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. Liberty Latin America Ltd. has a 12-month low of $4.25 and a 12-month high of $9.04. The company has a market capitalization of $1.62 billion, a P/E ratio of -2.64 and a beta of 1.01. The firm’s fifty day simple moving average is $7.62 and its 200-day simple moving average is $7.92.

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in Liberty Latin America during the first quarter worth $34,000. Russell Investments Group Ltd. grew its holdings in shares of Liberty Latin America by 58.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after purchasing an additional 2,070 shares during the period. CWM LLC increased its position in shares of Liberty Latin America by 80.7% during the 3rd quarter. CWM LLC now owns 6,487 shares of the company’s stock worth $54,000 after purchasing an additional 2,897 shares during the last quarter. Danske Bank A S acquired a new stake in shares of Liberty Latin America during the 3rd quarter worth about $56,000. Finally, Quantbot Technologies LP raised its holdings in Liberty Latin America by 727.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after buying an additional 6,289 shares during the period. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LILA has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Thursday, January 22nd. Benchmark raised 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. One research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently 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.