Liberty Latin America (NASDAQ:LILAK) Stock Price Down 4.4% – What’s Next?

Liberty Latin America Ltd. (NASDAQ:LILAK) traded down 4.4% on Tuesday . The company traded as low as $7.07 and last traded at $7.01. 85,366 shares traded hands during trading, a decline of 88% from the average session volume of 732,231 shares. The stock had previously closed at $7.33.

Wall Street Analyst Weigh In

LILAK has been the topic of several recent analyst reports. The Goldman Sachs Group reduced their target price on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a report on Wednesday, December 4th. Scotiabank decreased their price target on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a research note on Friday, November 8th.

Liberty Latin America Price Performance

The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The company has a fifty day moving average price of $6.60 and a two-hundred day moving average price of $8.07. The company has a market cap of $1.33 billion, a P/E ratio of -2.31 and a beta of 1.02.

Liberty Latin America (NASDAQ:LILAK) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.15 by ($1.05). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Liberty Latin America had a negative net margin of 13.02% and a negative return on equity of 27.22%.

Insider Activity at Liberty Latin America

In other Liberty Latin America news, Director Brendan J. Paddick purchased 35,475 shares of the stock in a transaction on Tuesday, November 26th. The shares were purchased at an average price of $7.04 per share, with a total value of $249,744.00. Following the completion of the transaction, the director now directly owns 1,273,443 shares in the company, valued at $8,965,038.72. This represents a 2.87 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders bought 156,298 shares of company stock valued at $1,043,886. 9.66% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LILAK. New Age Alpha Advisors LLC bought a new stake in Liberty Latin America in the 4th quarter valued at $41,000. Bleakley Financial Group LLC acquired a new position in shares of Liberty Latin America in the fourth quarter valued at $65,000. Bridgefront Capital LLC bought a new position in shares of Liberty Latin America in the fourth quarter valued at about $65,000. Sargent Investment Group LLC acquired a new stake in shares of Liberty Latin America during the 4th quarter worth about $69,000. Finally, KBC Group NV boosted its holdings in shares of Liberty Latin America by 62.5% during the 4th quarter. KBC Group NV now owns 11,879 shares of the company’s stock worth $75,000 after buying an additional 4,571 shares during the period. 52.98% 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.