By otakuyassine3@gmail.com 
Liberty Latin America Ltd. (NASDAQ:LILAK – Get Free Report)’s stock price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.64 and traded as low as $6.50. Liberty Latin America shares last traded at $6.66, with a volume of 780,166 shares trading hands.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on LILAK. The Goldman Sachs Group lowered their price target on Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Scotiabank dropped their price target on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a research note on Friday, November 8th.
View Our Latest Report on LILAK
Liberty Latin America Stock Down 0.3 %
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 firm has a market capitalization of $1.35 billion, a PE ratio of -2.34 and a beta of 1.04. The business’s 50 day moving average price is $6.64 and its 200-day moving average price is $8.54.
Liberty Latin America (NASDAQ:LILAK – Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($2.22) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 13.02% and a negative return on equity of 27.22%. The firm had revenue of $1.09 billion during the quarter.
Insider Activity at Liberty Latin America
In other news, Director Brendan J. Paddick purchased 35,475 shares of the stock in a transaction on Tuesday, November 26th. The stock was bought at an average price of $7.04 per share, for a total transaction of $249,744.00. Following the acquisition, the director now directly owns 1,273,443 shares of the company’s stock, valued at approximately $8,965,038.72. The trade was a 2.87 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last three months, insiders purchased 156,298 shares of company stock worth $1,043,886. Company insiders own 9.66% of the company’s stock.
Institutional Investors Weigh In On Liberty Latin America
Several hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC boosted its stake in Liberty Latin America by 69.2% in the third quarter. FMR LLC now owns 15,600,000 shares of the company’s stock valued at $148,044,000 after acquiring an additional 6,379,203 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Liberty Latin America by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock valued at $32,073,000 after purchasing an additional 39,711 shares during the last quarter. State Street Corp boosted its position in shares of Liberty Latin America by 0.4% in the 3rd quarter. State Street Corp now owns 3,290,866 shares of the company’s stock valued at $31,230,000 after purchasing an additional 11,510 shares during the period. Charles Schwab Investment Management Inc. increased its position in Liberty Latin America by 24.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock worth $29,045,000 after buying an additional 600,689 shares during the period. Finally, Millennium Management LLC lifted its stake in Liberty Latin America by 305.1% in the second quarter. Millennium Management LLC now owns 986,782 shares of the company’s stock valued at $9,493,000 after buying an additional 743,197 shares during the last quarter. Institutional investors and hedge funds own 52.98% of the company’s stock.
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.
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