Institutional Investors Adjust Liberty Latin America Holdings
Ingalls & Snyder LLC reduced its stake in Liberty Latin America Ltd. (NASDAQ: LILA) by 42.1% in the second quarter. The investment firm owned 83,881 shares at the end of the period after selling 60,985 shares. The value of Ingalls & Snyder LLC’s holdings in Liberty Latin America was $806,000.
Other institutional investors also modified their positions. Vanguard Group Inc. increased its stake by 2.0% in the first quarter, owning 1,294,672 shares worth $9,024,000. Wittenberg Investment Management Inc. raised its position by 15.8% in the same quarter, acquiring an additional 125,639 shares. Genesis Investment Management LLP grew its holdings by 3.3% in the second quarter, and Banco Santander S.A. bought a new stake valued at $5,203,000. Gamco Investors Inc. also increased its position by 21.3% in the first quarter.
Institutional investors now own 18.48% of Liberty Latin America stock.
Liberty Latin America Stock Performance Overview
The stock of Liberty Latin America has recently experienced fluctuations.
The shares closed at $9.40, down 0.07, or 0.74%. The company’s market capitalization stands at $1.84 billion. Revenue for the trailing twelve months (ttm) was $4.51 billion, with a net income of -$86.30 million. Shares outstanding total 196.20 million, and the earnings per share (EPS) is -$0.43. The price-to-earnings (PE) ratio is not applicable, with a forward PE of 27.59.
Recent stock performance shows a day’s range of $9.32 to $9.47 and a 52-week range of $5.90 to $10.82. The beta is 1.14, indicating moderate volatility.
Quarterly Financial Results
Liberty Latin America reported a quarterly EPS of -$0.22, falling short of the consensus estimate of -$0.21. The company’s revenue was $1.12 billion, slightly below the estimated $1.13 billion. The negative return on equity was 0.23%, and the negative net margin was 0.12%. In the same quarter of the previous year, the EPS was $0.17. Analysts predict a -$0.09 EPS for the current year.
Analyst Ratings and Price Targets
Analysts have varied opinions on Liberty Latin America’s stock. The Goldman Sachs Group raised its target price from $8.40 to $9.30, maintaining a “buy” rating. Barclays lowered its target price from $9.00 to $8.00, assigning an “equal weight” rating. Scotiabank reduced its rating from “strong-buy” to “hold.”
Insider Transactions
In related news, insider Dustin Henderson sold 5,906 shares on July 16 at an average price of $10.00, totaling $59,060. Following this sale, Henderson owns 1,600 shares valued at approximately $16,000. Additionally, Director Brendan J. Paddick acquired 250,000 shares on June 21 at $8.85 per share, totaling $2,212,500. Paddick now holds 886,108 shares valued at $7,842,055.80. Insiders own 11.35% of the stock.
Liberty Latin America is navigating a period of institutional shifts and mixed analyst reviews. With recent stock performance fluctuations and varying price targets, investors are closely watching how the company’s financial and operational strategies will unfold. As the company continues to address market challenges, the evolving institutional and insider activities will play a crucial role in shaping future stock performance.
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