Shares of Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.69 and traded as high as $6.78. Liberty Latin America shares last traded at $6.70, with a volume of 322,965 shares trading hands.
Analyst Ratings Changes
Separately, Barclays downgraded shares of Liberty Latin America from an "equal weight" rating to an "underweight" rating and cut their price objective for the company from $8.00 to $6.50 in a research report on Tuesday, February 25th.
Check Out Our Latest Research Report on Liberty Latin America
Liberty Latin America Stock Up 0.1 %
The company has a current ratio of 1.04, a quick ratio of 1.06 and a debt-to-equity ratio of 4.68. The firm has a market cap of $1.36 billion, a P/E ratio of -2.06 and a beta of 1.03. The company's 50 day simple moving average is $6.72 and its 200-day simple moving average is $7.90.
Liberty Latin America (NASDAQ:LILA - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share (EPS) for the quarter. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.15 billion. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 33.41%. Research analysts forecast that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.
Insider Buying and Selling at Liberty Latin America
In other Liberty Latin America news, Director Brendan J. Paddick acquired 31,989 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $6.20 per share, with a total value of $198,331.80. Following the completion of the acquisition, the director now owns 1,419,507 shares in the company, valued at $8,800,943.40. This represents a 2.31 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 11.35% of the company's stock.
Hedge Funds Weigh In On Liberty Latin America
A number of institutional investors and hedge funds have recently made changes to their positions in LILA. FMR LLC boosted its holdings in shares of Liberty Latin America by 60,327.0% in the third quarter. FMR LLC now owns 2,160,869 shares of the company's stock worth $20,701,000 after buying an additional 2,157,293 shares during the last quarter. Hsbc Holdings PLC purchased a new position in shares of Liberty Latin America in the fourth quarter worth approximately $2,526,000. Banco Santander S.A. lifted its holdings in Liberty Latin America by 47.8% during the third quarter. Banco Santander S.A. now owns 800,000 shares of the company's stock valued at $7,664,000 after purchasing an additional 258,631 shares in the last quarter. UMB Bank n.a. lifted its holdings in Liberty Latin America by 2,129.7% during the fourth quarter. UMB Bank n.a. now owns 169,415 shares of the company's stock valued at $1,077,000 after purchasing an additional 161,817 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Liberty Latin America by 132.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 221,468 shares of the company's stock valued at $1,409,000 after purchasing an additional 126,383 shares in the last quarter. Hedge funds and other institutional investors own 18.48% of the company's stock.
About Liberty Latin America
(
Get Free Report)
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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