Liberty Latin America (NASDAQ:LILAK) Hits New 1-Year Low – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILAK) reached a new 52-week low during trading on Monday . The company traded as low as $5.90 and last traded at $6.01, with a volume of 770 shares trading hands. The stock had previously closed at $6.13.

Analysts Set New Price Targets

LILAK has been the topic of a number of research analyst reports. Scotiabank lowered their price objective on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group reduced their target price on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, December 4th.

Liberty Latin America Stock Down 0.4 %

The business’s 50 day moving average is $6.62 and its 200 day moving average is $8.36. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -2.08 and a beta of 1.03. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06.

Liberty Latin America (NASDAQ:LILAK) last issued its earnings results on Wednesday, November 6th. The company reported ($2.22) earnings per share for the quarter. Liberty Latin America had a negative return on equity of 27.22% and a negative net margin of 13.02%. The firm had revenue of $1.09 billion during the quarter.

Insider Activity at Liberty Latin America

In other news, Director Brendan J. Paddick purchased 35,475 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was purchased at an average price of $7.04 per share, with a total value of $249,744.00. Following the acquisition, the director now directly owns 1,273,443 shares in the company, valued at approximately $8,965,038.72. The trade was a 2.87 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders acquired a total of 156,298 shares of company stock worth $1,043,886 in the last 90 days. 9.66% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Latin America

Several large investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Liberty Latin America by 69.2% in the 3rd quarter. FMR LLC now owns 15,600,000 shares of the company’s stock worth $148,044,000 after buying an additional 6,379,203 shares in the last quarter. Geode Capital Management LLC increased its holdings in Liberty Latin America by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock valued at $32,073,000 after purchasing an additional 39,711 shares in the last quarter. State Street Corp increased its holdings in Liberty Latin America by 0.4% during the 3rd quarter. State Street Corp now owns 3,290,866 shares of the company’s stock valued at $31,230,000 after purchasing an additional 11,510 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in Liberty Latin America by 9.5% during the 4th quarter. DAVENPORT & Co LLC now owns 3,067,979 shares of the company’s stock valued at $19,451,000 after purchasing an additional 266,301 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Liberty Latin America by 24.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock valued at $29,045,000 after purchasing an additional 600,689 shares in the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.

Liberty Latin America Company Profile

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.