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

Shares of Liberty Latin America Ltd. (NASDAQ:LILA) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 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 trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Liberty Latin America in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Liberty Latin America presently has an average rating of “Hold” and an average target price of $13.00.

Liberty Latin America Stock Performance

The stock has a market capitalization of $1.55 billion, a P/E ratio of -3.11 and a beta of 0.74. The firm has a 50-day moving average of $8.04 and a 200 day moving average of $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.

Shares of Liberty Latin America are set to split 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 issued its earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). The firm 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%. Research analysts anticipate that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Latin America

In other news, CEO Balan Nair bought 20,000 shares of Liberty Latin America stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average cost of $8.07 per share, with a total value of $161,400.00. Following the completion of the transaction, the chief executive officer directly owned 3,125,039 shares in the company, valued at $25,219,064.73. This trade represents a 0.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Malone bought 12,406,463 shares of Liberty Latin America stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average cost of $8.63 per share, with a total value of $107,067,775.69. Following the completion of the transaction, the director owned 21,173,018 shares of the company’s stock, valued at $182,723,145.34. This trade represents a 141.52% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 6.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LILA. Strs Ohio bought a new position in Liberty Latin America in the first quarter worth $34,000. Russell Investments Group Ltd. lifted its position in 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 purchasing an additional 2,070 shares during the period. Danske Bank A S bought a new position in shares of Liberty Latin America during the third quarter valued at $56,000. Quantbot Technologies LP lifted its holdings in shares of 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 acquiring an additional 6,289 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of 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 acquiring an additional 4,089 shares during the period. 18.48% of the stock is owned by institutional investors.

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.