Liberty Latin America (NASDAQ:LILAK) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILAK)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $6.64 and traded as low as $6.50. Liberty Latin America shares last traded at $6.66, with a volume of 780,166 shares trading hands.

Analyst Ratings Changes

LILAK has been the topic of a number of research analyst reports. Scotiabank reduced 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 note on Friday, November 8th. The Goldman Sachs Group reduced their price target on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating on the stock in a research note on Wednesday, December 4th.

Liberty Latin America Stock Performance

The firm’s 50 day moving average is $6.64 and its two-hundred day moving average is $8.55. The stock has a market capitalization of $1.31 billion, a PE ratio of -2.27 and a beta of 1.04. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06.

Insider Buying and Selling

In other Liberty Latin America news, Director Brendan J. Paddick bought 35,475 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost of $7.04 per share, with a total value of $249,744.00. Following the purchase, the director now directly owns 1,273,443 shares in the company, valued at approximately $8,965,038.72. This represents a 2.87 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 156,298 shares of company stock valued at $1,043,886 in the last ninety days. Company insiders own 9.66% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

A number of large investors have recently modified their holdings of the company. FMR LLC increased its position in shares of Liberty Latin America by 69.2% in the 3rd quarter. FMR LLC now owns 15,600,000 shares of the company’s stock valued at $148,044,000 after purchasing an additional 6,379,203 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Liberty Latin America by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 3,378,992 shares of the company’s stock valued at $32,073,000 after purchasing an additional 39,711 shares during the last quarter. State Street Corp increased its position in shares of Liberty Latin America by 0.4% in the 3rd quarter. State Street Corp now owns 3,290,866 shares of the company’s stock valued at $31,230,000 after purchasing an additional 11,510 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Liberty Latin America by 24.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,060,558 shares of the company’s stock valued at $29,045,000 after purchasing an additional 600,689 shares during the last quarter. Finally, Millennium Management LLC increased its position in shares of Liberty Latin America by 305.1% in the 2nd quarter. Millennium Management LLC now owns 986,782 shares of the company’s stock valued at $9,493,000 after purchasing an additional 743,197 shares during the last quarter. 52.98% of the stock is owned by hedge funds and other institutional investors.

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.