Liberty Latin America (NASDAQ:LILA) Stock: Insider Brian Zook Sells 27,611 Shares

Liberty Latin America Ltd. (NASDAQ:LILA) CAO Brian Zook sold 27,611 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $9.95, for a total transaction of $274,729.45. Following the completion of the transaction, the chief accounting officer owned 6,813 shares in the company, valued at $67,789.35. This trade represents a 80.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Liberty Latin America Trading Up 1.1%

Shares of NASDAQ:LILA traded up $0.11 during trading on Friday, reaching $9.84. The stock had a trading volume of 396,996 shares, compared to its average volume of 415,744. The firm’s fifty day moving average is $8.60 and its 200 day moving average is $8.08. The company has a debt-to-equity ratio of 8.75, a quick ratio of 1.12 and a current ratio of 1.12. Liberty Latin America Ltd. has a 52 week low of $4.77 and a 52 week high of $10.33. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of -10.58 and a beta of 0.78.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Wednesday, November 4th. The company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.33). Liberty Latin America had a negative return on equity of 17.27% and a negative net margin of 3.86%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. As a group, equities analysts forecast that Liberty Latin America Ltd. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on LILA. UBS Group upgraded Liberty Latin America to a “hold” rating in a report on Thursday, September 3rd. Morgan Stanley lowered Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective for the company. in a research report on Thursday, August 20th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Sell” and a consensus target price of $7.00.

Institutional Trading of Liberty Latin America

Large investors have recently modified their holdings of the stock. Marshall Wace LLP bought a new position in Liberty Latin America during the third quarter worth $983,000. Empowered Funds LLC bought a new stake in Liberty Latin America in the third quarter valued at $2,817,000. State Board of Administration of Florida Retirement System bought a new stake in Liberty Latin America in the third quarter valued at $95,000. Gabelli Funds LLC acquired a new position in Liberty Latin America during the 3rd quarter valued at about $4,181,000. Finally, Gamco Investors INC. ET AL bought a new stake in Liberty Latin America during the 3rd quarter worth approximately $8,890,000. Institutional investors and hedge funds own 18.48% of the company’s stock.

About Liberty Latin America

Liberty Latin America is a telecommunications company that provides broadband internet, video, fixed-line telephone, mobile, and business communications services. Its residential and business customers access these services through cable, fiber, and wireless networks. The company operates across the Caribbean and Latin America, including markets such as Puerto Rico, Panama, Costa Rica, and Chile. Its services are offered under brands that include Liberty, Flow, and Más Móvil, with offerings and brand names varying by market.