Liberty Latin America (NASDAQ:LILA) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Liberty Latin America Ltd. (NASDAQ:LILA)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $9.65 and traded as high as $10.77. Liberty Latin America shares last traded at $10.40, with a volume of 545,828 shares traded.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. The Goldman Sachs Group downgraded shares of Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Scotiabank cut Liberty Latin America from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 18th.

Liberty Latin America Trading Up 4.0 %

The company has a debt-to-equity ratio of 3.46, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market capitalization of $2.04 billion, a PE ratio of -24.76 and a beta of 1.12. The business’s 50-day moving average is $9.65 and its two-hundred day moving average is $9.25.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.13 billion. Liberty Latin America had a negative return on equity of 3.75% and a negative net margin of 1.91%. During the same quarter last year, the firm earned $0.17 earnings per share. As a group, equities research analysts anticipate that Liberty Latin America Ltd. will post -0.15 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Brian D. Zook sold 26,197 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total value of $250,967.26. Following the completion of the sale, the chief accounting officer now directly owns 28,788 shares of the company’s stock, valued at $275,789.04. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently bought and sold shares of LILA. Principal Financial Group Inc. increased its holdings 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 in the last quarter. Mackenzie Financial Corp increased its holdings in Liberty Latin America by 0.9% in the second quarter. Mackenzie Financial Corp now owns 230,571 shares of the company’s stock valued at $2,216,000 after buying an additional 2,007 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Liberty Latin America by 13.6% during the 2nd quarter. American Century Companies Inc. now owns 46,033 shares of the company’s stock valued at $442,000 after acquiring an additional 5,499 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Liberty Latin America by 80.8% during the 1st quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company’s stock worth $117,000 after acquiring an additional 7,494 shares in the last quarter. Finally, Searchlight Capital Partners L.P. grew its holdings in shares of Liberty Latin America by 21.6% in the 1st quarter. Searchlight Capital Partners L.P. now owns 42,348 shares of the company’s stock worth $295,000 after acquiring an additional 7,531 shares during the period. Institutional investors and hedge funds own 18.48% of the company’s stock.

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.