Liberty Latin America (NASDAQ:LILA) Sets New 52-Week High – Time to Buy?

Liberty Latin America Ltd. (NASDAQ:LILA) shares hit a new 52-week high during trading on Friday . The company traded as high as $9.02 and last traded at $8.9450, with a volume of 78550 shares. The stock had previously closed at $8.76.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on LILA shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research note on Wednesday, October 8th. Benchmark upped their price objective on shares of Liberty Latin America from $12.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Liberty Latin America has an average rating of “Reduce” and an average target price of $9.75.

Liberty Latin America Stock Up 2.5%

The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -2.43 and a beta of 1.00. The business’s 50 day moving average is $8.17 and its 200-day moving average is $7.18. The company has a debt-to-equity ratio of 6.78, a quick ratio of 1.14 and a current ratio of 1.14.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.08. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.09 billion. Liberty Latin America had a negative net margin of 16.57% and a negative return on equity of 54.11%. On average, sell-side analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in shares of Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after buying an additional 2,070 shares in the last quarter. Mackenzie Financial Corp boosted its position in Liberty Latin America by 1.6% during the third quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock worth $1,218,000 after acquiring an additional 2,314 shares during the last quarter. MetLife Investment Management LLC grew its stake in Liberty Latin America by 14.7% during the 1st quarter. MetLife Investment Management LLC now owns 18,677 shares of the company’s stock valued at $118,000 after acquiring an additional 2,394 shares in the last quarter. CWM LLC raised its holdings in Liberty Latin America by 80.7% in the 3rd quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after acquiring an additional 2,897 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Liberty Latin America by 36.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,148 shares of the company’s stock valued at $90,000 after acquiring an additional 3,755 shares during the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

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.