Liberty Latin America (NASDAQ:LILA) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Liberty Latin America Ltd. (NASDAQ:LILA)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $7.71 and traded as low as $7.23. Liberty Latin America shares last traded at $7.24, with a volume of 366,791 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LILA. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research report on Tuesday, April 21st. Morgan Stanley set a $7.00 target price on shares of Liberty Latin America in a research report on Friday, June 26th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $10.00.

Liberty Latin America Stock Performance

The business has a 50-day moving average price of $7.40 and a two-hundred day moving average price of $7.71. The stock has a market capitalization of $1.51 billion, a P/E ratio of -3.02 and a beta of 0.74. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74.

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

Insider Activity

In other news, Director John C. Malone purchased 12,406,463 shares of Liberty Latin America stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $8.63 per share, for a total transaction of $107,067,775.69. Following the transaction, the director owned 21,173,018 shares of the company’s stock, valued at approximately $182,723,145.34. The trade was a 141.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Balan Nair acquired 164,914 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average cost of $6.07 per share, for a total transaction of $1,001,027.98. Following the completion of the purchase, the chief executive officer directly owned 3,276,798 shares of the company’s stock, valued at $19,890,163.86. The trade was a 5.30% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 14,820,228 shares of company stock valued at $121,249,631 in the last 90 days. 6.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liberty Latin America

A number of large investors have recently modified their holdings of LILA. Russell Investments Group Ltd. lifted its holdings in shares of Liberty Latin America by 58.8% in the third quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after acquiring an additional 2,070 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Liberty Latin America by 1.6% in the 3rd quarter. Mackenzie Financial Corp now owns 146,887 shares of the company’s stock valued at $1,218,000 after purchasing an additional 2,314 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Liberty Latin America by 31.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,267 shares of the company’s stock valued at $97,000 after purchasing an additional 2,693 shares during the last quarter. Intech Investment Management LLC increased its position in Liberty Latin America by 29.1% during the 4th quarter. Intech Investment Management LLC now owns 15,652 shares of the company’s stock worth $116,000 after purchasing an additional 3,524 shares in the last quarter. Finally, Strs Ohio acquired a new position in Liberty Latin America during the 1st quarter worth approximately $34,000. 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.