Liberty Latin America (NASDAQ:LILA) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Liberty Latin America Ltd. (NASDAQ:LILA) shares crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $8.13 and traded as high as $8.27. Liberty Latin America shares last traded at $8.15, with a volume of 188,749 shares traded.

Analyst Upgrades and Downgrades

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

Liberty Latin America Price Performance

The company’s 50-day moving average is $8.13 and its 200-day moving average is $8.00. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -2.66 and a beta of 0.75. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 7.40.

Liberty Latin America (NASDAQ:LILA) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.23). Liberty Latin America had a negative net margin of 13.76% and a negative return on equity of 50.24%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Equities research analysts predict that Liberty Latin America Ltd. will post -0.02 earnings per share for the current year.

Insider Activity at Liberty Latin America

In other news, CAO Brian D. Zook sold 94,494 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.04, for a total transaction of $759,731.76. Following the completion of the transaction, the chief accounting officer owned 6,813 shares of the company’s stock, valued at approximately $54,776.52. The trade was a 93.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 11.96% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Strs Ohio acquired a new position in Liberty Latin America during the first quarter worth about $34,000. Russell Investments Group Ltd. boosted its stake in shares of Liberty Latin America by 58.8% in the 3rd 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 in the last quarter. CWM LLC grew its holdings in shares of Liberty Latin America by 80.7% during the 3rd quarter. CWM LLC now owns 6,487 shares of the company’s stock valued at $54,000 after purchasing an additional 2,897 shares during the last quarter. Danske Bank A S bought a new stake in shares of Liberty Latin America during the 3rd quarter valued at approximately $56,000. Finally, Quantbot Technologies LP increased its position in Liberty Latin America by 727.1% during the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares in the last quarter. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Company Profile

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.