Liberty Latin America (NASDAQ:LILAK) Stock Price Down 4.4% - Here's What Happened

Liberty Latin America Ltd. (NASDAQ:LILAK - Get Free Report)'s stock price traded down 4.4% during trading on Tuesday . The stock traded as low as $7.07 and last traded at $7.01. 85,366 shares were traded during trading, a decline of 88% from the average session volume of 732,231 shares. The stock had previously closed at $7.33.

Analysts Set New Price Targets

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

Liberty Latin America Price Performance

The business has a fifty day moving average price of $6.60 and a 200 day moving average price of $8.04. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -2.06 and a beta of 1.02.

Liberty Latin America (NASDAQ:LILAK - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter, missing the consensus estimate of $0.15 by ($1.05). The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.14 billion. Liberty Latin America had a negative net margin of 14.74% and a negative return on equity of 31.59%.

Insider Buying and Selling

In other news, Director Brendan J. Paddick bought 35,475 shares of the company's stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average price of $7.04 per share, with a total value of $249,744.00. Following the completion of the acquisition, the director now directly owns 1,273,443 shares in the company, valued at approximately $8,965,038.72. This trade represents a 2.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 156,298 shares of company stock valued at $1,043,886 over the last quarter. Corporate insiders own 9.66% of the company's stock.

Hedge Funds Weigh In On Liberty Latin America

Several large investors have recently made changes to their positions in the business. New Age Alpha Advisors LLC acquired a new position in Liberty Latin America in the 4th quarter worth approximately $41,000. Bleakley Financial Group LLC acquired a new position in shares of Liberty Latin America in the 4th quarter valued at about $65,000. Bridgefront Capital LLC acquired a new position in shares of Liberty Latin America in the 4th quarter valued at about $65,000. Sargent Investment Group LLC acquired a new position in shares of Liberty Latin America in the 4th quarter valued at about $69,000. Finally, KBC Group NV increased its holdings in shares of Liberty Latin America by 62.5% in the 4th quarter. KBC Group NV now owns 11,879 shares of the company's stock valued at $75,000 after purchasing an additional 4,571 shares during the period. Institutional investors own 52.98% of the company's stock.

Liberty Latin America Company Profile

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.