Liberty Latin America (NASDAQ:LILAK) Reaches New 52-Week Low - Here's What Happened

Liberty Latin America Ltd. (NASDAQ:LILAK - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $5.90 and last traded at $6.01, with a volume of 770 shares. The stock had previously closed at $6.13.

Analysts Set New Price Targets

Several research firms recently commented on LILAK. Scotiabank dropped their price target on shares of Liberty Latin America from $9.40 to $8.30 and set a "sector outperform" rating on the stock in a research report on Friday, November 8th. The Goldman Sachs Group cut their price target on Liberty Latin America from $10.50 to $7.50 and set a "neutral" rating for the company in a research note on Wednesday, December 4th.

Liberty Latin America Trading Up 0.9 %

The company's fifty day simple moving average is $6.57 and its 200-day simple moving average is $8.30. The firm has a market capitalization of $1.29 billion, a PE ratio of -2.23 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:LILAK - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($2.22) EPS for the quarter. Liberty Latin America had a negative net margin of 13.02% and a negative return on equity of 27.22%. The firm had revenue of $1.09 billion for the quarter.

Insider Activity

In related news, Director Brendan J. Paddick bought 35,475 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was bought at an average cost of $7.04 per share, for a total transaction of $249,744.00. Following the acquisition, the director now directly owns 1,273,443 shares in the company, valued at $8,965,038.72. This represents a 2.87 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders acquired 156,298 shares of company stock worth $1,043,886 over the last three months. Insiders own 9.66% of the company's stock.

Institutional Investors Weigh In On Liberty Latin America

A number of hedge funds have recently modified their holdings of the company. nVerses Capital LLC acquired a new stake in Liberty Latin America during the third quarter worth $55,000. Bleakley Financial Group LLC acquired a new stake in shares of Liberty Latin America during the 4th quarter worth about $65,000. Sargent Investment Group LLC purchased a new stake in Liberty Latin America in the 4th quarter valued at about $69,000. KBC Group NV lifted its position in Liberty Latin America by 62.5% in the fourth quarter. KBC Group NV now owns 11,879 shares of the company's stock valued at $75,000 after buying an additional 4,571 shares during the last quarter. Finally, Algert Global LLC purchased a new position in Liberty Latin America during the second quarter worth about $126,000. Hedge funds and other institutional investors own 52.98% of the company's stock.

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.