Liberty Latin America (NASDAQ:LILA) Releases Earnings Results

by · The Cerbat Gem

Liberty Latin America (NASDAQ:LILA – Get Free Report) posted 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 45.66% and a negative net margin of 11.20%.The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion.

Liberty Latin America Trading Up 3.2%

Shares of NASDAQ LILA traded up $0.27 during midday trading on Thursday, reaching $8.65. 677,315 shares of the stock were exchanged, compared to its average volume of 497,660. The stock has a market capitalization of $1.74 billion, a P/E ratio of -3.49 and a beta of 0.74. The company has a debt-to-equity ratio of 7.74, a quick ratio of 1.11 and a current ratio of 1.11. The company has a 50 day simple moving average of $7.45 and a 200 day simple moving average of $7.77. Liberty Latin America has a twelve month low of $4.77 and a twelve month high of $9.04.

Analysts Set New Price Targets

LILA has been the subject of several research reports. Morgan Stanley set a $7.00 price target on Liberty Latin America in a research report on Friday, June 26th. Weiss Ratings reaffirmed 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $10.00.

Check Out Our Latest Report on Liberty Latin America

Insiders Place Their Bets

In other Liberty Latin America news, SVP John M. Winter purchased 5,071 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were acquired at an average price of $19.67 per share, with a total value of $99,746.57. Following the purchase, the senior vice president directly owned 64,547 shares in the company, valued at approximately $1,269,639.49. This trade represents a 8.53% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John C. Malone purchased 12,406,463 shares of the stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $8.63 per share, with a total value of $107,067,775.69. Following the completion of the acquisition, the director owned 21,173,018 shares in the company, valued at approximately $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. Over the last three months, insiders have bought 14,820,228 shares of company stock valued at $121,249,631. Insiders own 6.25% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. AQR Capital Management LLC acquired a new stake in shares of Liberty Latin America during the first quarter valued at about $104,000. Empowered Funds LLC increased its holdings in Liberty Latin America by 7.3% in the 1st quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock valued at $1,359,000 after purchasing an additional 14,547 shares during the last quarter. Jane Street Group LLC raised its position in Liberty Latin America by 230.6% in the first quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock valued at $314,000 after purchasing an additional 34,640 shares during the period. Strs Ohio purchased a new stake in Liberty Latin America in the first quarter valued at approximately $34,000. Finally, Geode Capital Management LLC lifted its stake in Liberty Latin America by 12.2% during the second quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock worth $4,042,000 after purchasing an additional 71,873 shares in the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

About Liberty Latin America

(Get Free Report)

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.

See Also