Liberty Latin America (NASDAQ:LILA) Hits New 1-Year Low – Time to Sell?

Shares of Liberty Latin America Ltd. (NASDAQ:LILA) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.77 and last traded at $5.28, with a volume of 2500085 shares trading hands. The stock had previously closed at $4.80.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $13.00.

Liberty Latin America Stock Performance

The company has a debt-to-equity ratio of 7.74, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50-day moving average price of $7.64 and a 200-day moving average price of $7.78. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -2.66 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. As a group, analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Insider Activity

In related news, Director Brendan J. Paddick bought 100,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was bought at an average price of $4.88 per share, for a total transaction of $488,000.00. Following the purchase, the director owned 1,559,542 shares in the company, valued at $7,610,564.96. This represents a 6.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Malone bought 12,406,463 shares of Liberty Latin America stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $8.63 per share, with a total value of $107,067,775.69. Following the acquisition, the director directly owned 21,173,018 shares in the company, valued at $182,723,145.34. This trade represents a 141.52% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 14,410,558 shares of company stock valued at $117,655,725 over the last ninety days. 6.25% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Liberty Latin America

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rubric Capital Management LP increased its stake in shares of Liberty Latin America by 93.0% during the first quarter. Rubric Capital Management LP now owns 3,750,000 shares of the company’s stock worth $32,400,000 after purchasing an additional 1,806,935 shares during the period. Dimensional Fund Advisors LP increased its position in Liberty Latin America by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,445,768 shares of the company’s stock worth $18,074,000 after buying an additional 78,234 shares during the period. Virtu Financial LLC lifted its holdings in shares of Liberty Latin America by 52.2% during the third quarter. Virtu Financial LLC now owns 1,411,830 shares of the company’s stock worth $11,704,000 after buying an additional 484,016 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Liberty Latin America by 3.5% during the third quarter. Gamco Investors INC. ET AL now owns 1,166,973 shares of the company’s stock worth $9,674,000 after buying an additional 39,044 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Liberty Latin America by 318.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 940,207 shares of the company’s stock valued at $6,948,000 after acquiring an additional 715,641 shares during the period. Institutional investors and hedge funds own 18.48% of the company’s stock.

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.