Liberty Latin America Ltd. (NASDAQ:LILA) Sees Significant Growth in Short Interest

Liberty Latin America Ltd. (NASDAQ:LILA) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 375,800 shares, a growth of 34.6% from the July 31st total of 279,100 shares. Based on an average daily volume of 328,700 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.2% of the company’s stock are short sold.

Liberty Latin America Stock Up 0.7 %

Shares of LILA opened at $9.47 on Friday. The company’s 50-day moving average is $9.64 and its 200-day moving average is $8.27. Liberty Latin America has a fifty-two week low of $5.90 and a fifty-two week high of $10.81. The company has a debt-to-equity ratio of 3.46, a current ratio of 1.09 and a quick ratio of 1.09.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) EPS for the quarter. Liberty Latin America had a negative return on equity of 3.75% and a negative net margin of 1.91%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the business posted $0.17 earnings per share. As a group, equities research analysts anticipate that Liberty Latin America will post -0.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on LILA shares. Scotiabank cut shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 18th. Barclays dropped their price objective on shares of Liberty Latin America from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 7th. Finally, The Goldman Sachs Group increased their price objective on shares of Liberty Latin America from $8.40 to $9.30 and gave the company a “buy” rating in a research report on Tuesday, May 28th.

Insider Buying and Selling

In other news, Director Brendan J. Paddick purchased 250,000 shares of the business’s stock in a transaction on Friday, June 21st. The stock was purchased at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the purchase, the director now directly owns 886,108 shares in the company, valued at approximately $7,842,055.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Brendan J. Paddick purchased 250,000 shares of the business’s stock in a transaction on Friday, June 21st. The stock was purchased at an average price of $8.85 per share, for a total transaction of $2,212,500.00. Following the completion of the purchase, the director now directly owns 886,108 shares in the company, valued at approximately $7,842,055.80. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brendan J. Paddick purchased 150,000 shares of the business’s stock in a transaction on Monday, June 24th. The stock was purchased at an average price of $9.10 per share, with a total value of $1,365,000.00. Following the purchase, the director now owns 1,036,108 shares of the company’s stock, valued at $9,428,582.80. The disclosure for this purchase can be found here. 11.35% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Liberty Latin America

A number of hedge funds have recently bought and sold shares of LILA. TFO Wealth Partners LLC increased its holdings in Liberty Latin America by 17,797.6% in the 4th quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock valued at $54,000 after buying an additional 7,297 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Liberty Latin America by 38.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock valued at $114,000 after buying an additional 4,322 shares during the period. BNP Paribas Financial Markets increased its holdings in Liberty Latin America by 80.8% in the 1st quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock valued at $117,000 after buying an additional 7,494 shares during the period. Ground Swell Capital LLC bought a new position in Liberty Latin America in the 2nd quarter valued at about $122,000. Finally, Principal Financial Group Inc. bought a new position in Liberty Latin America in the 1st quarter valued at about $144,000. 18.48% of the stock is owned by institutional investors.

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.