Liberty Latin America (NASDAQ:LILA) Trading Down 4.4% – Should You Sell?

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

Wall Street Analyst Weigh In

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

Liberty Latin America Stock Down 0.3 %

The stock has a market capitalization of $1.39 billion, a P/E ratio of -2.42 and a beta of 1.12. The stock’s fifty day simple moving average is $9.00 and its two-hundred day simple moving average is $9.18. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LILA. Sanctuary Advisors LLC bought a new position in shares of Liberty Latin America during the second quarter worth about $608,000. State of New Jersey Common Pension Fund D bought a new position in Liberty Latin America during the 2nd quarter worth approximately $2,073,000. Banco Santander S.A. acquired a new position in Liberty Latin America in the second quarter valued at $5,203,000. DekaBank Deutsche Girozentrale raised its position in shares of Liberty Latin America by 304.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company’s stock worth $149,000 after acquiring an additional 16,215 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of Liberty Latin America by 7.4% in the 2nd quarter. Principal Financial Group Inc. now owns 22,129 shares of the company’s stock valued at $213,000 after purchasing an additional 1,523 shares during the period. 18.48% of the stock is owned by institutional investors and hedge funds.

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.