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

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $7.21, but opened at $6.71. Liberty Latin America shares last traded at $6.37, with a volume of 400,558 shares trading hands.

Liberty Latin America Stock Performance

The stock has a 50 day moving average of $6.64 and a two-hundred day moving average of $8.09. The stock has a market capitalization of $1.36 billion, a PE ratio of -2.07 and a beta of 1.03. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter. The company had revenue of $1.15 billion for the quarter, compared to analysts' expectations of $1.15 billion. Liberty Latin America had a negative return on equity of 31.59% and a negative net margin of 14.74%. Research analysts expect that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Brendan J. Paddick purchased 18,011 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were acquired at an average price of $6.12 per share, with a total value of $110,227.32. Following the purchase, the director now directly owns 1,437,518 shares of the company's stock, valued at $8,797,610.16. The trade was a 1.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders have purchased 156,298 shares of company stock worth $1,043,886. 11.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On Liberty Latin America

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Liberty Latin America in the third quarter valued at $120,000. Empowered Funds LLC boosted its position in shares of Liberty Latin America by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 190,463 shares of the company's stock worth $1,825,000 after buying an additional 9,648 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Liberty Latin America in the 3rd quarter valued at about $104,000. Banco Santander S.A. increased its holdings in Liberty Latin America by 47.8% during the 3rd quarter. Banco Santander S.A. now owns 800,000 shares of the company's stock valued at $7,664,000 after acquiring an additional 258,631 shares in the last quarter. Finally, FMR LLC increased its holdings in Liberty Latin America by 60,327.0% during the 3rd quarter. FMR LLC now owns 2,160,869 shares of the company's stock valued at $20,701,000 after acquiring an additional 2,157,293 shares in the last quarter. 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.