Liberty Latin America (NASDAQ:LILA) released its earnings results on Tuesday. The company reported $0.19 earnings per share (EPS) for the quarter, reports. The firm had revenue of $966.80 million during the quarter.
LILA traded down $0.22 during midday trading on Friday, hitting $18.27. The company had a trading volume of 10,463 shares, compared to its average volume of 189,409. Liberty Latin America has a 52 week low of $13.96 and a 52 week high of $21.90. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of -9.16 and a beta of 1.83. The stock’s 50 day moving average price is $18.07 and its 200 day moving average price is $17.71.
Several equities analysts recently issued reports on LILA shares. Zacks Investment Research upgraded shares of Liberty Latin America from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Benchmark started coverage on shares of Liberty Latin America in a report on Thursday, July 25th. They issued a “buy” rating and a $26.00 target price on the stock. BidaskClub upgraded shares of Liberty Latin America from a “sell” rating to a “hold” rating in a report on Thursday, September 12th. ValuEngine lowered shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Barclays upgraded shares of Liberty Latin America from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $18.00 to $20.00 in a report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $23.75.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bourgeon Capital Management LLC bought a new stake in Liberty Latin America in the third quarter valued at $37,000. Meeder Asset Management Inc. increased its stake in Liberty Latin America by 480.7% in the second quarter. Meeder Asset Management Inc. now owns 3,287 shares of the company’s stock valued at $57,000 after purchasing an additional 2,721 shares in the last quarter. Bank of Montreal Can increased its stake in Liberty Latin America by 298.5% in the second quarter. Bank of Montreal Can now owns 5,145 shares of the company’s stock valued at $88,000 after purchasing an additional 3,854 shares in the last quarter. Atria Investments LLC bought a new stake in Liberty Latin America in the second quarter valued at $217,000. Finally, Parametric Portfolio Associates LLC increased its stake in Liberty Latin America by 18.6% in the second quarter. Parametric Portfolio Associates LLC now owns 20,932 shares of the company’s stock valued at $361,000 after purchasing an additional 3,282 shares in the last quarter. 18.91% of the stock is owned by hedge funds and other institutional investors.
About Liberty Latin America
Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. It offers communications and entertainment services, including video, broadband Internet, fixed-line telephony, and mobile 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.
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