Liberty Latin America (NASDAQ:LILA) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILA)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $6.75 and traded as high as $6.82. Liberty Latin America shares last traded at $6.71, with a volume of 240,035 shares traded.

Wall Street Analyst Weigh In

Separately, Barclays downgraded shares of Liberty Latin America from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $8.00 to $6.50 in a report on Tuesday, February 25th.

Liberty Latin America Stock Down 1.2 %

The business’s fifty day moving average price is $6.76 and its 200 day moving average price is $7.73. The company has a market capitalization of $1.34 billion, a P/E ratio of -2.03 and a beta of 1.01. The company has a current ratio of 1.04, a quick ratio of 1.06 and a debt-to-equity ratio of 4.68.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. As a group, equities research analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Insider Activity at Liberty Latin America

In other news, Director Brendan J. Paddick purchased 18,011 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $6.12 per share, with a total value of $110,227.32. Following the acquisition, the director now directly owns 1,437,518 shares of the company’s stock, valued at approximately $8,797,610.16. This trade represents a 1.27 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 11.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Liberty Latin America

Institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in Liberty Latin America by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 190,463 shares of the company’s stock valued at $1,825,000 after acquiring an additional 9,648 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Liberty Latin America in the 3rd quarter valued at about $104,000. Banco Santander S.A. increased its position in Liberty Latin America by 47.8% in the 3rd quarter. Banco Santander S.A. now owns 800,000 shares of the company’s stock valued at $7,664,000 after acquiring an additional 258,631 shares in the last quarter. FMR LLC increased its position in Liberty Latin America by 60,327.0% in the 3rd quarter. FMR LLC now owns 2,160,869 shares of the company’s stock valued at $20,701,000 after acquiring an additional 2,157,293 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Liberty Latin America by 48.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,399 shares of the company’s stock valued at $205,000 after acquiring an additional 6,999 shares in the last quarter. 18.48% of the stock is owned by institutional investors.

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.