Liberty Latin America Ltd. (NASDAQ:LILAK - Get Free Report) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 4,040,000 shares, an increase of 24.3% from the January 31st total of 3,250,000 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily volume of 928,000 shares, the days-to-cover ratio is presently 4.4 days.
Liberty Latin America Trading Up 0.1 %
LILAK traded up $0.01 during trading on Friday, reaching $6.85. The company had a trading volume of 536,055 shares, compared to its average volume of 849,835. The stock has a market cap of $1.35 billion, a P/E ratio of -2.05 and a beta of 1.01. The business has a 50 day simple moving average of $6.68 and a 200-day simple moving average of $7.82. Liberty Latin America has a 52 week low of $5.88 and a 52 week high of $10.93. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31.
Liberty Latin America (NASDAQ:LILAK - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($1.05). Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.14 billion.
Insider Activity at Liberty Latin America
In other Liberty Latin America news, Director Brendan J. Paddick bought 31,989 shares of the business's stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $6.20 per share, with a total value of $198,331.80. Following the completion of the acquisition, the director now owns 1,419,507 shares in the company, valued at $8,800,943.40. This trade represents a 2.31 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.66% of the stock is currently owned by insiders.
Institutional Trading of Liberty Latin America
Several institutional investors and hedge funds have recently made changes to their positions in the business. Mackenzie Financial Corp lifted its position in shares of Liberty Latin America by 18.9% during the fourth quarter. Mackenzie Financial Corp now owns 84,115 shares of the company's stock worth $533,000 after purchasing an additional 13,358 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Liberty Latin America by 25.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,332 shares of the company's stock valued at $2,101,000 after acquiring an additional 67,621 shares in the last quarter. Voloridge Investment Management LLC raised its holdings in shares of Liberty Latin America by 78.8% in the fourth quarter. Voloridge Investment Management LLC now owns 230,554 shares of the company's stock valued at $1,462,000 after acquiring an additional 101,601 shares in the last quarter. Twinbeech Capital LP bought a new stake in shares of Liberty Latin America in the fourth quarter valued at about $168,000. Finally, ProShare Advisors LLC raised its holdings in shares of Liberty Latin America by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 36,509 shares of the company's stock valued at $231,000 after acquiring an additional 12,014 shares in the last quarter. 52.98% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group lowered their price target on Liberty Latin America from $10.50 to $7.50 and set a "neutral" rating for the company in a research report on Wednesday, December 4th.
Read Our Latest Stock Report on Liberty Latin America
About Liberty Latin America
(
Get Free Report)
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.
See Also
Before you consider Liberty Latin America, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Latin America wasn't on the list.
While Liberty Latin America currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
