Liberty Latin America (NASDAQ:LILA) Sees Large Volume Increase

Shares of Liberty Latin America Ltd. (NASDAQ:LILAGet Rating) saw unusually-strong trading volume on Wednesday . Approximately 34,201 shares traded hands during trading, a decline of 84% from the previous session’s volume of 217,185 shares.The stock last traded at $6.60 and had previously closed at $6.60.

Wall Street Analysts Forecast Growth

Separately, Scotiabank downgraded shares of Liberty Latin America from a “sector perform” rating to a “sector underperform” rating in a report on Friday, June 3rd.

Liberty Latin America Trading Down 3.0 %

The stock’s fifty day moving average price is $7.16 and its 200-day moving average price is $8.45. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.09.

Liberty Latin America (NASDAQ:LILAGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($2.10) EPS for the quarter. Liberty Latin America had a negative net margin of 18.78% and a negative return on equity of 14.23%. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the previous year, the firm posted $0.02 earnings per share. Equities research analysts anticipate that Liberty Latin America Ltd. will post 0.52 EPS for the current fiscal year.

Institutional Trading of Liberty Latin America

Large investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its holdings in shares of Liberty Latin America by 37.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 4,011 shares of the company’s stock worth $46,000 after buying an additional 1,100 shares during the period. Amalgamated Bank acquired a new position in Liberty Latin America during the 1st quarter valued at $47,000. Qube Research & Technologies Ltd raised its stake in shares of Liberty Latin America by 132.3% in the 1st quarter. Qube Research & Technologies Ltd now owns 5,449 shares of the company’s stock valued at $53,000 after buying an additional 3,103 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Liberty Latin America in the 2nd quarter valued at $90,000. Finally, Bank of Montreal Can acquired a new position in shares of Liberty Latin America in the 1st quarter valued at $94,000. 15.08% of the stock is owned by institutional investors.

About Liberty Latin America

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Liberty Latin America Ltd., together with its subsidiaries, provides fixed, mobile, and subsea telecommunications services. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. It offers communications and entertainment services, including video, broadband internet, fixed-line telephony, and mobile 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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