Liberty Latin America (NASDAQ:LILA) Stock Price Down 4.3% – Here’s What Happened

Liberty Latin America Ltd. (NASDAQ:LILA) dropped 4.3% on Friday. The stock traded as low as $8.40 and last traded at $8.39. 44,249 shares changed hands during trading, a decline of 91% from the average daily volume of 470,706 shares. The stock had previously closed at $8.77.

Analyst Upgrades and Downgrades

LILA has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. Morgan Stanley cut shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective for the company. in a research note on Thursday, August 20th. Finally, UBS Group upgraded Liberty Latin America to a “hold” rating in a research report on Thursday, September 3rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Liberty Latin America has a consensus rating of “Reduce” and an average target price of $10.00.

Liberty Latin America Price Performance

The business’s 50-day simple moving average is $8.57 and its two-hundred day simple moving average is $8.03. The company has a debt-to-equity ratio of 8.08, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -16.68 and a beta of 0.72.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings results on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. Research analysts expect that Liberty Latin America Ltd. will post -0.47 earnings per share for the current year.

Insider Buying and Selling at Liberty Latin America

In other news, Director Charles H. R. Bracken sold 42,975 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $8.57, for a total value of $368,295.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John Malone bought 113,704 shares of the firm’s stock in a transaction on Monday, August 10th. The stock was purchased at an average cost of $10.12 per share, with a total value of $1,150,684.48. Following the completion of the acquisition, the director directly owned 1,351,126 shares of the company’s stock, valued at approximately $13,673,395.12. The trade was a 9.19% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired 970,439 shares of company stock valued at $16,180,721 in the last 90 days. Insiders own 6.25% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its holdings in Liberty Latin America by 31.4% during the first quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock worth $97,000 after buying an additional 2,693 shares in the last quarter. Citadel Advisors LLC increased its holdings in Liberty Latin America by 1.3% in the 2nd quarter. Citadel Advisors LLC now owns 220,052 shares of the company’s stock valued at $1,725,000 after purchasing an additional 2,831 shares during the last quarter. Squarepoint Ops LLC grew its holdings in shares of Liberty Latin America by 30.2% in the second quarter. Squarepoint Ops LLC now owns 15,274 shares of the company’s stock valued at $120,000 after purchasing an additional 3,543 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Liberty Latin America in the second quarter valued at $28,000. Finally, State of Wyoming acquired a new position in shares of Liberty Latin America during the first quarter worth about $77,000. 18.48% of the stock is owned by institutional investors.

About Liberty Latin America

Liberty Latin America Ltd. is a telecommunications company that provides communications and entertainment services across Latin America and the Caribbean. Its offerings include broadband internet, fixed-line and mobile voice services, pay television and data connectivity for residential, business and government customers.

The company operates through consumer and business-focused brands, including Liberty and Flow, while its business services include dedicated connectivity, cloud solutions, managed services, cybersecurity and information technology support.