Liberty Latin America (NASDAQ:LILA) Shares Gap Down – Time to Sell?

Shares of Liberty Latin America Ltd. (NASDAQ:LILA) gapped down before the market opened on Thursday . The stock had previously closed at $8.34, but opened at $7.90. Liberty Latin America shares last traded at $8.1160, with a volume of 106,673 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Morgan Stanley downgraded Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 price target for the company. in a report on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $10.00.

Liberty Latin America Price Performance

The firm has a market cap of $1.59 billion, a P/E ratio of -16.57 and a beta of 0.74. The business’s fifty day simple moving average is $7.59 and its 200-day simple moving average is $7.84. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 8.08.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) EPS for the quarter. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. As a group, analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current fiscal year.

Insider Buying and Selling at Liberty Latin America

In other news, SVP John M. Winter bought 5,071 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was bought at an average price of $19.67 per share, for a total transaction of $99,746.57. Following the transaction, the senior vice president directly owned 64,547 shares of the company’s stock, valued at $1,269,639.49. This represents a 8.53% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Malone purchased 6,761 shares of the stock in a transaction on Friday, August 14th. The stock was acquired at an average cost of $8.50 per share, with a total value of $57,468.50. Following the completion of the purchase, the director directly owned 185,285 shares of the company’s stock, valued at $1,574,922.50. The trade was a 3.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 15,092,142 shares of company stock worth $124,845,482 over the last 90 days. Corporate insiders own 6.25% 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. Strs Ohio bought a new position in Liberty Latin America in the 1st quarter worth about $34,000. Russell Investments Group Ltd. grew its position in Liberty Latin America by 58.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock valued at $46,000 after purchasing an additional 2,070 shares during the last quarter. Danske Bank A S purchased a new stake in Liberty Latin America during the 3rd quarter valued at about $56,000. Quantbot Technologies LP increased its stake in Liberty Latin America by 727.1% during the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after purchasing an additional 6,289 shares in the last quarter. Finally, State of Wyoming bought a new stake in Liberty Latin America during the 1st quarter valued at about $77,000. Institutional investors own 18.48% of the company’s stock.

About Liberty Latin America

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.