Liberty Latin America (NASDAQ:LILAK) Trading Down 5.3% – Should You Sell?

Shares of Liberty Latin America Ltd. (NASDAQ:LILAK) traded down 5.3% during trading on Tuesday . The company traded as low as $7.03 and last traded at $7.03. 92,157 shares were traded during trading, a decline of 91% from the average session volume of 999,712 shares. The stock had previously closed at $7.42.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Scotiabank reduced their target price on shares of 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. Pivotal Research reduced their target price on shares of Liberty Latin America from $18.00 to $15.00 and set a “buy” rating for the company in a report on Monday, August 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $10.50 target price (up from $9.30) on shares of Liberty Latin America in a report on Wednesday, September 4th. Finally, StockNews.com cut shares of Liberty Latin America from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

Liberty Latin America Stock Down 0.3 %

The stock’s 50 day moving average price is $8.90 and its 200-day moving average price is $9.16. The stock has a market capitalization of $1.38 billion, a PE ratio of -2.40 and a beta of 1.12.

Institutional Trading of Liberty Latin America

Hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in shares of Liberty Latin America in the third quarter worth $55,000. Quantinno Capital Management LP purchased a new position in Liberty Latin America during the third quarter valued at $125,000. Algert Global LLC purchased a new position in Liberty Latin America during the second quarter valued at $126,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Liberty Latin America by 29.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,691 shares of the company’s stock valued at $132,000 after acquiring an additional 3,150 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new position in Liberty Latin America during the third quarter valued at $187,000. 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.