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 passed 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 trading hands.

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 target for the company from $8.00 to $6.50 in a research report on Tuesday, February 25th.

Liberty Latin America Trading Down 1.2 %

The company has a current ratio of 1.04, a quick ratio of 1.06 and a debt-to-equity ratio of 4.68. The company has a market cap of $1.34 billion, a PE ratio of -2.03 and a beta of 1.01. The business’s 50-day simple moving average is $6.76 and its 200-day simple moving average is $7.73.

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

Insider Transactions at Liberty Latin America

In other news, Director Brendan J. Paddick bought 18,011 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average cost of $6.12 per share, for a total transaction of $110,227.32. Following the purchase, the director now owns 1,437,518 shares of the company’s stock, valued at $8,797,610.16. This represents a 1.27 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 11.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LILA. KLP Kapitalforvaltning AS bought a new stake in Liberty Latin America in the 4th quarter valued at $37,000. EntryPoint Capital LLC bought a new stake in Liberty Latin America in the 4th quarter valued at $69,000. Marshall Wace LLP bought a new stake in Liberty Latin America in the 4th quarter valued at $77,000. Price T Rowe Associates Inc. MD boosted its holdings in Liberty Latin America by 12.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company’s stock valued at $80,000 after purchasing an additional 1,422 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in Liberty Latin America by 15.9% in the 4th quarter. SG Americas Securities LLC now owns 14,560 shares of the company’s stock valued at $93,000 after purchasing an additional 2,002 shares during the period. 18.48% of the stock is currently owned by institutional investors and hedge funds.

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.