Liberty Latin America (NASDAQ:LILA) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Shares of Liberty Latin America Ltd. (NASDAQ:LILA) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.04 and traded as low as $7.58. Liberty Latin America shares last traded at $7.72, with a volume of 330,061 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Liberty Latin America has a consensus rating of “Hold” and a consensus target price of $13.00.

Liberty Latin America Stock Up 1.2%

The business’s 50-day moving average price is $8.04 and its 200-day moving average price is $7.94. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 7.74. The firm has a market capitalization of $1.55 billion, a PE ratio of -3.11 and a beta of 0.74.

Liberty Latin America’s stock is going to split before the market opens on Wednesday, June 17th. The 11-10 split was recently announced. The newly issued shares will be issued to shareholders after the closing bell on Tuesday, June 16th.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.14). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.09 billion. As a group, equities research analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director John C. Malone acquired 12,406,463 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of $8.63 per share, for a total transaction of $107,067,775.69. Following the completion of the acquisition, the director owned 21,173,018 shares of the company’s stock, valued at approximately $182,723,145.34. This represents a 141.52% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Balan Nair acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $8.07 per share, for a total transaction of $161,400.00. Following the acquisition, the chief executive officer directly owned 3,125,039 shares of the company’s stock, valued at $25,219,064.73. The trade was a 0.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 6.25% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

Hedge funds have recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in Liberty Latin America in the first quarter worth approximately $34,000. Russell Investments Group Ltd. grew its holdings in Liberty Latin America by 58.8% during the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after purchasing an additional 2,070 shares during the last quarter. Danske Bank A S acquired a new position in Liberty Latin America during the third quarter valued at approximately $56,000. Quantbot Technologies LP grew its holdings in Liberty Latin America by 727.1% during the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after purchasing an additional 6,289 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Liberty Latin America by 96.2% during the third quarter. PNC Financial Services Group Inc. now owns 8,338 shares of the company’s stock valued at $69,000 after purchasing an additional 4,089 shares during the last quarter. Institutional investors and hedge funds own 18.48% of the company’s stock.

About Liberty Latin America

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.