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

Liberty Latin America Ltd. (NASDAQ:LILA) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 647,292 shares, a growth of 21.7% from the February 26th total of 531,809 shares. Based on an average daily volume of 248,704 shares, the days-to-cover ratio is currently 2.6 days. Approximately 0.4% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Liberty Latin America currently has an average rating of “Hold” and an average price target of $13.00.

Insider Transactions at Liberty Latin America

In related news, CAO Brian D. Zook sold 94,494 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.04, for a total value of $759,731.76. Following the transaction, the chief accounting officer directly owned 6,813 shares of the company’s stock, valued at approximately $54,776.52. The trade was a 93.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.35% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

Several large investors have recently added to or reduced their stakes in LILA. Strs Ohio purchased a new stake in Liberty Latin America during the first quarter valued at approximately $34,000. Russell Investments Group Ltd. increased its position in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after acquiring an additional 2,070 shares during the last quarter. CWM LLC raised its stake in shares of Liberty Latin America by 80.7% in the third quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after acquiring an additional 2,897 shares during the period. Danske Bank A S purchased a new stake in shares of Liberty Latin America in the third quarter valued at $56,000. Finally, Quantbot Technologies LP lifted its stake in Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares during the last quarter. 18.48% of the stock is owned by institutional investors.

Liberty Latin America Trading Up 2.8%

Shares of LILA stock opened at $8.56 on Tuesday. Liberty Latin America has a 12-month low of $4.25 and a 12-month high of $9.04. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 7.40. The stock’s 50-day moving average price is $7.87 and its 200-day moving average price is $7.94. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -2.80 and a beta of 1.00.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Wednesday, February 18th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.23). The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Latin America had a negative return on equity of 50.24% and a negative net margin of 13.76%. Equities research analysts predict that Liberty Latin America will post -0.22 EPS for the current fiscal year.

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.