Liberty Latin America Ltd. (NASDAQ:LILA) Short Interest Update

Liberty Latin America Ltd. (NASDAQ:LILAGet Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totalling 341,200 shares, an increase of 29.6% from the April 15th total of 263,300 shares. Based on an average daily volume of 519,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 1.0% of the company’s stock are short sold.

Insider Buying and Selling at Liberty Latin America

In other news, major shareholder John C. Malone bought 484,673 shares of the stock in a transaction on Friday, March 22nd. The shares were bought at an average price of $6.72 per share, with a total value of $3,257,002.56. Following the completion of the acquisition, the insider now owns 8,360,255 shares in the company, valued at $56,180,913.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Liberty Latin America news, major shareholder John C. Malone purchased 35,780 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were acquired at an average cost of $6.43 per share, with a total value of $230,065.40. Following the completion of the acquisition, the insider now directly owns 7,402,498 shares in the company, valued at $47,598,062.14. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder John C. Malone acquired 484,673 shares of the stock in a transaction dated Friday, March 22nd. The stock was acquired at an average price of $6.72 per share, for a total transaction of $3,257,002.56. Following the completion of the transaction, the insider now directly owns 8,360,255 shares of the company’s stock, valued at $56,180,913.60. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 1,220,056 shares of company stock worth $8,247,512. 11.35% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liberty Latin America

Several large investors have recently added to or reduced their stakes in LILA. DekaBank Deutsche Girozentrale bought a new position in Liberty Latin America in the fourth quarter worth about $38,000. TFO Wealth Partners LLC raised its position in Liberty Latin America by 17,797.6% during the fourth quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock worth $54,000 after acquiring an additional 7,297 shares during the period. Cullen Investment Group LTD. acquired a new position in Liberty Latin America in the 4th quarter valued at $86,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Liberty Latin America by 38.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock valued at $114,000 after purchasing an additional 4,322 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Liberty Latin America by 80.8% in the 1st quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock valued at $117,000 after purchasing an additional 7,494 shares during the last quarter. 18.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barclays decreased their target price on Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 7th.

Get Our Latest Report on Liberty Latin America

Liberty Latin America Trading Up 0.2 %

LILA traded up $0.02 on Wednesday, hitting $8.46. The company had a trading volume of 326,674 shares, compared to its average volume of 438,515. Liberty Latin America has a 12-month low of $5.90 and a 12-month high of $9.85. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 3.33. The business’s fifty day simple moving average is $7.29 and its 200 day simple moving average is $7.03. The company has a market cap of $1.74 billion, a PE ratio of -281.91 and a beta of 1.12.

Liberty Latin America (NASDAQ:LILAGet Free Report) last announced its earnings results on Tuesday, May 7th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.16). Liberty Latin America had a negative net margin of 0.12% and a negative return on equity of 0.23%. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the firm earned ($0.23) EPS. Equities research analysts expect that Liberty Latin America will post -0.64 EPS for the current year.

Liberty Latin America Company Profile

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Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean, C&W Panama, Liberty Networks, Liberty Puerto Rico, and Liberty Costa Rico segments. It offers communications and entertainment services, including video, broadband internet, fixed-line, telephony, and mobiles services to residential and business customers; and business products and services that include enterprise-grade connectivity, data center, hosting, and managed solutions, as well as information technology solutions for small and medium enterprises, international companies, and governmental agencies.

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