Liberty Latin America (NASDAQ:LILA) Shares Gap Down to $7.44

Liberty Latin America Ltd. (NASDAQ:LILA) shares gapped down prior to trading on Wednesday . The stock had previously closed at $7.44, but opened at $7.23. Liberty Latin America shares last traded at $7.38, with a volume of 66,260 shares changing hands.

Liberty Latin America Trading Down 0.1 %

The stock has a 50-day simple moving average of $6.79 and a 200-day simple moving average of $6.94. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.13 and a quick ratio of 1.13.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Thursday, February 22nd. The company reported ($0.49) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 1.21% and a negative return on equity of 2.26%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. Sell-side analysts expect that Liberty Latin America Ltd. will post -0.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Liberty Latin America

In other Liberty Latin America news, major shareholder John C. Malone bought 35,780 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were bought at an average cost of $6.43 per share, with a total value of $230,065.40. Following the transaction, the insider now directly owns 7,402,498 shares in the company, valued at approximately $47,598,062.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, major shareholder John C. Malone purchased 35,780 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were acquired at an average cost of $6.43 per share, with a total value of $230,065.40. Following the transaction, the insider now owns 7,402,498 shares in the company, valued at approximately $47,598,062.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul A. Gould purchased 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were purchased at an average cost of $6.47 per share, for a total transaction of $1,294,000.00. Following the completion of the transaction, the director now owns 445,916 shares in the company, valued at approximately $2,885,076.52. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,220,056 shares of company stock valued at $8,247,512 in the last three months. Corporate insiders own 11.35% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

Several institutional investors and hedge funds have recently made changes to their positions in LILA. Wittenberg Investment Management Inc. raised its position in shares of Liberty Latin America by 18.6% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 748,648 shares of the company’s stock valued at $6,109,000 after acquiring an additional 117,300 shares in the last quarter. Bailard Inc. acquired a new stake in Liberty Latin America in the fourth quarter worth $523,000. Panagora Asset Management Inc. increased its position in Liberty Latin America by 11.1% in the third quarter. Panagora Asset Management Inc. now owns 422,678 shares of the company’s stock worth $3,449,000 after buying an additional 42,159 shares during the period. Teacher Retirement System of Texas increased its position in Liberty Latin America by 83.3% in the fourth quarter. Teacher Retirement System of Texas now owns 81,513 shares of the company’s stock worth $596,000 after buying an additional 37,038 shares during the period. Finally, Trexquant Investment LP increased its position in Liberty Latin America by 151.6% in the fourth quarter. Trexquant Investment LP now owns 56,020 shares of the company’s stock worth $410,000 after buying an additional 33,752 shares during the period. 18.48% of the stock is owned by institutional investors and hedge funds.

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.