Liberty Latin America (NASDAQ:LILA) Shares Down 4.4% – What’s Next?

Liberty Latin America Ltd. (NASDAQ:LILA) shares dropped 4.4% during mid-day trading on Tuesday . The stock traded as low as $7.15 and last traded at $7.15. Approximately 117,600 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 366,362 shares. The stock had previously closed at $7.48.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 4th.

Liberty Latin America Trading Down 0.3 %

The firm has a market capitalization of $1.39 billion, a P/E ratio of -2.42 and a beta of 1.12. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. The firm has a 50 day moving average of $9.00 and a 200-day moving average of $9.18.

Institutional Trading of Liberty Latin America

A number of institutional investors have recently modified their holdings of LILA. Wilmington Savings Fund Society FSB acquired a new position in Liberty Latin America in the third quarter valued at about $163,000. Sanctuary Advisors LLC boosted its holdings in shares of Liberty Latin America by 7.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 68,236 shares of the company’s stock valued at $654,000 after purchasing an additional 4,917 shares in the last quarter. Barclays PLC increased its stake in shares of Liberty Latin America by 81.6% in the 3rd quarter. Barclays PLC now owns 70,419 shares of the company’s stock valued at $675,000 after purchasing an additional 31,642 shares during the last quarter. XTX Topco Ltd raised its holdings in shares of Liberty Latin America by 33.6% during the 3rd quarter. XTX Topco Ltd now owns 27,532 shares of the company’s stock worth $264,000 after buying an additional 6,918 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in shares of Liberty Latin America during the 3rd quarter worth $648,000. 18.48% of the stock is currently owned by institutional investors.

About Liberty Latin America

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.