Liberty Latin America (NASDAQ:LILA) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Liberty Latin America Ltd. (NASDAQ:LILA)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.71 and traded as low as $7.23. Liberty Latin America shares last traded at $7.24, with a volume of 366,791 shares traded.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LILA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. Morgan Stanley set a $7.00 price target on shares of Liberty Latin America in a report on Friday, June 26th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.00.

Liberty Latin America Stock Performance

The company has a market cap of $1.46 billion, a PE ratio of -2.92 and a beta of 0.74. The stock’s 50 day simple moving average is $7.41 and its two-hundred day simple moving average is $7.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%. As a group, research analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Insider Transactions at Liberty Latin America

In other news, Director Brendan J. Paddick bought 100,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was acquired at an average price of $4.88 per share, for a total transaction of $488,000.00. Following the acquisition, the director owned 1,559,542 shares of the company’s stock, valued at $7,610,564.96. This trade represents a 6.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP John M. Winter bought 5,071 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were purchased at an average price of $19.67 per share, with a total value of $99,746.57. Following the acquisition, the senior vice president directly owned 64,547 shares in the company, valued at approximately $1,269,639.49. This trade represents a 8.53% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have purchased 14,820,228 shares of company stock valued at $121,249,631. 6.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LILA. Strs Ohio acquired a new position in Liberty Latin America during the first quarter valued at approximately $34,000. Russell Investments Group Ltd. increased its position in shares of Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after acquiring an additional 2,070 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Liberty Latin America in the third quarter worth $56,000. Quantbot Technologies LP increased its position in shares of Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after acquiring an additional 6,289 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Liberty Latin America in the 1st quarter valued at $77,000. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Liberty Latin America Company Profile

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.