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

Liberty Latin America Ltd. (NASDAQ:LILA)’s stock price gapped down prior to trading 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.

The company reported ($0.69) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $1.10 billion.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Liberty Latin America

Large investors have recently modified their holdings of the business. KLP Kapitalforvaltning AS bought a new position in shares of Liberty Latin America in the fourth quarter worth approximately $37,000. EntryPoint Capital LLC purchased a new position in Liberty Latin America in the 4th quarter worth approximately $69,000. Marshall Wace LLP bought a new position in shares of Liberty Latin America in the 4th quarter worth $77,000. Price T Rowe Associates Inc. MD raised its position in shares of Liberty Latin America by 12.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company’s stock valued at $80,000 after buying an additional 1,422 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Liberty Latin America by 15.9% during the 4th 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 in the last quarter. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Price Performance

The company has a market capitalization of $914.01 million, a P/E ratio of -1.39 and a beta of 0.94. The company has a current ratio of 1.04, a quick ratio of 1.06 and a debt-to-equity ratio of 4.68. The business’s fifty day moving average price is $5.94 and its 200-day moving average price is $6.74.

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.