Liberty Latin America (NASDAQ:LILAK) Stock Crosses Below 50-Day Moving Average – Should You Sell?

Liberty Latin America Ltd. (NASDAQ:LILAK)’s share price crossed 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 traded.

Analyst Ratings Changes

A number of brokerages have weighed in on LILAK. Scotiabank lowered their price objective on Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating on the stock in a report on Friday, November 8th. The Goldman Sachs Group dropped their target price on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, December 4th.

Liberty Latin America Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. The stock has a fifty day moving average price of $6.64 and a two-hundred day moving average price of $8.54. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -2.34 and a beta of 1.04.

Liberty Latin America (NASDAQ:LILAK) last released its earnings results on Wednesday, November 6th. The company reported ($2.22) earnings per share (EPS) for the quarter. The firm had revenue of $1.09 billion during the quarter. Liberty Latin America had a negative net margin of 13.02% and a negative return on equity of 27.22%.

Insider Buying and Selling

In other Liberty Latin America news, Director Brendan J. Paddick bought 35,475 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was purchased at an average cost of $7.04 per share, for a total transaction of $249,744.00. Following the completion of the purchase, the director now owns 1,273,443 shares of the company’s stock, valued at $8,965,038.72. This trade represents a 2.87 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have bought 156,298 shares of company stock worth $1,043,886. 9.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in Liberty Latin America during the third quarter valued at about $55,000. KBC Group NV lifted its stake 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 in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Liberty Latin America during the 4th quarter worth about $94,000. Quantinno Capital Management LP acquired a new stake in Liberty Latin America during the 3rd quarter worth approximately $125,000. Finally, Algert Global LLC purchased a new position in Liberty Latin America in the second quarter valued at approximately $126,000. Institutional investors and hedge funds own 52.98% of the company’s stock.

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.