Liberty Latin America (NASDAQ:LILA) Sees Large Volume Increase

Liberty Latin America Ltd. (NASDAQ:LILA) saw unusually-strong trading volume on Tuesday . Approximately 250,867 shares changed hands during trading, a decline of 39% from the previous session’s volume of 411,042 shares.The stock last traded at $7.06 and had previously closed at $7.16.

Liberty Latin America Price Performance

The company has a 50-day moving average price of $6.65 and a 200 day moving average price of $7.07. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.13 and a quick ratio of 1.13.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings results on Thursday, February 22nd. The company reported ($0.49) EPS for the quarter. The firm had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Liberty Latin America had a negative net margin of 1.21% and a negative return on equity of 2.26%. Research analysts expect that Liberty Latin America Ltd. will post -0.64 earnings per share for the current year.

Insider Activity at Liberty Latin America

In related news, major shareholder John C. Malone bought 35,780 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were bought at an average price of $6.43 per share, with a total value of $230,065.40. Following the transaction, the insider now owns 7,402,498 shares in the company, valued at $47,598,062.14. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Paul A. Gould bought 200,000 shares of the stock in a transaction dated Wednesday, March 20th. The shares were purchased at an average price of $6.47 per share, for a total transaction of $1,294,000.00. Following the completion of the purchase, the director now directly owns 445,916 shares of the company’s stock, valued at $2,885,076.52. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder John C. Malone purchased 35,780 shares of Liberty Latin America stock in a transaction that occurred on Wednesday, March 20th. The shares were bought at an average price of $6.43 per share, with a total value of $230,065.40. Following the completion of the transaction, the insider now owns 7,402,498 shares of the company’s stock, valued at approximately $47,598,062.14. The disclosure for this purchase can be found here. Insiders have acquired 770,453 shares of company stock valued at $5,115,068 in the last ninety days. Corporate insiders own 38.34% of the company’s stock.

Institutional Trading of Liberty Latin America

Several institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. purchased a new position in shares of Liberty Latin America during the 1st quarter valued at approximately $25,000. Tower Research Capital LLC TRC grew its position in shares of Liberty Latin America by 62.6% in the second quarter. Tower Research Capital LLC TRC now owns 3,769 shares of the company’s stock valued at $33,000 after purchasing an additional 1,451 shares during the period. Tucker Asset Management LLC grew its position in shares of Liberty Latin America by 938.3% in the second quarter. Tucker Asset Management LLC now owns 4,153 shares of the company’s stock valued at $36,000 after purchasing an additional 3,753 shares during the period. Royal Bank of Canada increased its stake in shares of Liberty Latin America by 62.3% during the second quarter. Royal Bank of Canada now owns 4,192 shares of the company’s stock worth $36,000 after purchasing an additional 1,609 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Liberty Latin America during the 4th quarter worth about $38,000. 18.48% of the stock is owned by institutional investors and hedge funds.

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.