Liberty Latin America (NASDAQ:LILA) Shares Gap Down - Here's What Happened

Shares of Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $10.40, but opened at $9.65. Liberty Latin America shares last traded at $8.50, with a volume of 120,239 shares.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group cut shares of Liberty Latin America from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 4th. Scotiabank cut Liberty Latin America from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 18th.

Liberty Latin America Stock Down 20.2 %

The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 3.46. The company has a market capitalization of $1.63 billion, a P/E ratio of -20.95 and a beta of 1.12. The firm's 50 day moving average price is $9.65 and its two-hundred day moving average price is $9.25.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported ($0.22) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 1.91% and a negative return on equity of 3.75%. The company had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm posted $0.17 EPS. Equities research analysts forecast that Liberty Latin America Ltd. will post -0.15 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Brian D. Zook sold 26,197 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $9.58, for a total value of $250,967.26. Following the completion of the sale, the chief accounting officer now owns 28,788 shares of the company's stock, valued at approximately $275,789.04. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 11.35% of the company's stock.

Institutional Investors Weigh In On Liberty Latin America

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in Liberty Latin America by 80.8% in the first quarter. BNP Paribas Financial Markets now owns 16,772 shares of the company's stock valued at $117,000 after buying an additional 7,494 shares during the period. SG Americas Securities LLC bought a new stake in Liberty Latin America in the 3rd quarter valued at $120,000. Ground Swell Capital LLC bought a new stake in Liberty Latin America in the 2nd quarter valued at $122,000. DekaBank Deutsche Girozentrale lifted its holdings in Liberty Latin America by 304.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,539 shares of the company's stock valued at $149,000 after purchasing an additional 16,215 shares during the last quarter. Finally, XTX Topco Ltd boosted its position in Liberty Latin America by 78.2% during the second quarter. XTX Topco Ltd now owns 20,614 shares of the company's stock worth $198,000 after purchasing an additional 9,045 shares during the period. 18.48% of the stock is currently 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.

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