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

Liberty Latin America Ltd. (NASDAQ:LILA) saw a large decrease in short interest in 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. Currently, 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 436,100 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in 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 acquiring an additional 31,642 shares during the period. UMB Bank n.a. boosted its stake 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 purchasing an additional 161,817 shares during the period. KLP Kapitalforvaltning AS bought a new stake in Liberty Latin America during the 4th quarter valued at approximately $37,000. Empowered Funds LLC grew its holdings in Liberty Latin America by 5.1% in the 4th quarter. Empowered Funds LLC now owns 200,090 shares of the company’s stock valued at $1,273,000 after buying an additional 9,627 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Liberty Latin America by 15.9% in the fourth quarter. SG Americas Securities LLC now owns 14,560 shares of the company’s stock valued at $93,000 after acquiring an additional 2,002 shares during the period. 18.48% of the stock is currently owned by institutional investors and hedge funds.

Liberty Latin America Trading Up 0.9 %

Shares of NASDAQ LILA opened at $5.33 on Friday. The business has a 50 day simple moving average of $6.07 and a 200 day simple moving average of $6.87. Liberty Latin America has a 52 week low of $5.12 and a 52 week high of $10.82. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -1.60 and a beta of 0.85. The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.06 and a current ratio of 1.04.

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

Analysts Set New Price Targets

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

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.