Liberty Latin America (NASDAQ:LILA) Shares Gap Down Following Weak Earnings

Shares of Liberty Latin America Ltd. (NASDAQ:LILA) gapped down before the market opened on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $5.50, but opened at $5.23. Liberty Latin America shares last traded at $4.36, with a volume of 495,317 shares traded.

The company reported ($0.69) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.62). 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 $1.08 billion for the quarter, compared to analysts’ expectations of $1.10 billion.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Barclays PLC increased its stake in shares of Liberty Latin America by 81.6% during the third quarter. Barclays PLC now owns 70,419 shares of the company’s stock valued at $675,000 after purchasing an additional 31,642 shares in the last quarter. UMB Bank n.a. increased its position in Liberty Latin America by 2,129.7% during the 4th quarter. UMB Bank n.a. now owns 169,415 shares of the company’s stock valued at $1,077,000 after buying an additional 161,817 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new position in Liberty Latin America during the fourth quarter valued at $753,000. SG Americas Securities LLC raised its stake in Liberty Latin America by 15.9% during the fourth quarter. SG Americas Securities LLC now owns 14,560 shares of the company’s stock valued at $93,000 after buying an additional 2,002 shares during the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in Liberty Latin America in the fourth quarter worth $96,000. 18.48% of the stock is owned by hedge funds and other institutional investors.

Liberty Latin America Stock Performance

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 business has a 50 day moving average price of $5.90 and a 200 day moving average price of $6.71. The stock has a market capitalization of $882.11 million, a PE ratio of -1.34 and a beta of 0.94.

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.