Liberty Latin America (NASDAQ:LILA) Shares Down 4.4% – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILA)’s stock price fell 4.4% during mid-day trading on Tuesday . The stock traded as low as $7.10 and last traded at $7.05. 56,270 shares traded hands during trading, a decline of 83% from the average session volume of 340,930 shares. The stock had previously closed at $7.37.

Liberty Latin America Stock Performance

The company has a market cap of $1.34 billion, a PE ratio of -2.33 and a beta of 1.03. The company has a 50-day moving average of $6.64 and a 200-day moving average of $8.12. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31.

Liberty Latin America (NASDAQ:LILA) last posted its quarterly earnings data on Wednesday, February 19th. The company reported ($0.90) earnings per share (EPS) for the quarter. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Liberty Latin America had a negative return on equity of 27.22% and a negative net margin of 13.02%. As a group, analysts anticipate that Liberty Latin America Ltd. will post -2.43 earnings per share for the current year.

Insiders Place Their Bets

In other Liberty Latin America news, Director Brendan J. Paddick acquired 5,053 shares of the business’s stock in a transaction on Friday, November 29th. The shares were acquired at an average price of $6.93 per share, with a total value of $35,017.29. Following the completion of the transaction, the director now owns 1,343,021 shares in the company, valued at approximately $9,307,135.53. This trade represents a 0.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders bought 156,298 shares of company stock valued at $1,043,886. Corporate insiders own 11.35% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

A number of hedge funds have recently made changes to their positions in LILA. Dimensional Fund Advisors LP grew its position in Liberty Latin America by 1.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,454,942 shares of the company’s stock valued at $15,613,000 after buying an additional 24,752 shares during the period. FMR LLC boosted its stake in Liberty Latin America by 60,327.0% in the third 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 during the last quarter. Gamco Investors INC. ET AL boosted its stake in Liberty Latin America by 3.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,056,713 shares of the company’s stock valued at $6,721,000 after acquiring an additional 30,537 shares during the last quarter. Banco Santander S.A. grew its position in shares of Liberty Latin America by 2.1% during the 4th quarter. Banco Santander S.A. now owns 816,900 shares of the company’s stock valued at $5,195,000 after acquiring an additional 16,900 shares during the period. Finally, Gabelli Funds LLC increased its stake in shares of Liberty Latin America by 1.7% during the 4th quarter. Gabelli Funds LLC now owns 761,718 shares of the company’s stock worth $4,845,000 after purchasing an additional 13,000 shares during the last quarter. 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.