Short Interest in Liberty Latin America Ltd. (NASDAQ:LILA) Drops By 16.4%

Liberty Latin America Ltd. (NASDAQ:LILA) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 682,200 shares, a decrease of 16.4% from the March 31st total of 815,700 shares. Based on an average trading volume of 436,100 shares, the days-to-cover ratio is currently 1.6 days. Currently, 2.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Liberty Latin America

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LILA. Dimensional Fund Advisors LP increased its stake in shares of Liberty Latin America by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,454,942 shares of the company’s stock worth $15,613,000 after purchasing an additional 24,752 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Liberty Latin America by 3.0% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,056,713 shares of the company’s stock worth $6,721,000 after buying an additional 30,537 shares during the period. Banco Santander S.A. increased its stake in Liberty Latin America by 2.1% in the 4th quarter. Banco Santander S.A. now owns 816,900 shares of the company’s stock worth $5,195,000 after buying an additional 16,900 shares in the last quarter. Gabelli Funds LLC raised its holdings in Liberty Latin America by 1.7% during the fourth quarter. Gabelli Funds LLC now owns 761,718 shares of the company’s stock valued at $4,845,000 after acquiring an additional 13,000 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Liberty Latin America by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 517,206 shares of the company’s stock valued at $3,290,000 after acquiring an additional 6,509 shares in the last quarter. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Trading Up 0.9 %

Shares of LILA stock opened at $5.33 on Friday. The company has a debt-to-equity ratio of 4.68, a current ratio of 1.04 and a quick ratio of 1.06. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -1.60 and a beta of 0.94. Liberty Latin America has a 1 year low of $5.12 and a 1 year high of $10.82. The firm has a fifty day moving average price of $6.07 and a 200-day moving average price of $6.85.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 33.41%. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. As a group, equities analysts predict that Liberty Latin America will post -0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded Liberty Latin America from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $8.00 to $6.50 in a research note on Tuesday, February 25th.

About Liberty Latin America

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.