Key Points
- CAO Brian Zook sold 27,611 shares at an average price of $9.95, worth about $274,729. The sale reduced his direct stake by 80.21%, to 6,813 shares.
- Liberty Latin America reported a quarterly loss of $0.42 per share, missing the $0.09 loss analysts expected; revenue of $1.12 billion also came in below forecasts.
- Analyst sentiment was negative: MarketBeat reported a consensus Sell rating and a $7 price target, below the stock’s cited Friday price of $9.84.
Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) CAO Brian Zook sold 27,611 shares of the business's stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $9.95, for a total value of $274,729.45. Following the transaction, the chief accounting officer directly owned 6,813 shares in the company, valued at $67,789.35. This trade represents a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Liberty Latin America Trading Up 1.1%
Shares of LILA traded up $0.11 during midday trading on Friday, reaching $9.84. The company had a trading volume of 396,996 shares, compared to its average volume of 415,744. Liberty Latin America Ltd. has a 1-year low of $4.77 and a 1-year high of $10.33. The stock has a market cap of $1.93 billion, a PE ratio of -10.58 and a beta of 0.78. The firm has a 50 day simple moving average of $8.60 and a 200-day simple moving average of $8.08. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 8.75.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported ($0.42) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.33). The company had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.14 billion. Liberty Latin America had a negative return on equity of 17.27% and a negative net margin of 3.86%. Research analysts forecast that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.
Institutional Trading of Liberty Latin America
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in shares of Liberty Latin America during the third quarter worth about $983,000. Empowered Funds LLC purchased a new position in shares of Liberty Latin America in the third quarter valued at approximately $2,817,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Liberty Latin America in the third quarter valued at approximately $95,000. Gabelli Funds LLC acquired a new position in shares of Liberty Latin America in the third quarter valued at approximately $4,181,000. Finally, Gamco Investors INC. ET AL acquired a new position in shares of Liberty Latin America in the third quarter valued at approximately $8,890,000. Hedge funds and other institutional investors own 18.48% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on LILA. UBS Group raised shares of Liberty Latin America to a "hold" rating in a research note on Thursday, September 3rd. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Liberty Latin America in a research report on Thursday, October 15th. Finally, Morgan Stanley lowered shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and set a $7.00 price target on the stock. in a research report on Thursday, August 20th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Sell" and a consensus price target of $7.00.
Read Our Latest Stock Report on Liberty Latin America
Liberty Latin America Company Profile
(
Get Free Report)
Liberty Latin America is a telecommunications company that provides broadband internet, video, fixed-line telephone, mobile, and business communications services. Its residential and business customers access these services through cable, fiber, and wireless networks. The company operates across the Caribbean and Latin America, including markets such as Puerto Rico, Panama, Costa Rica, and Chile. Its services are offered under brands that include Liberty, Flow, and Más Móvil, with offerings and brand names varying by market.
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