Liberty Latin America (NASDAQ:LILA) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILA)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.60 and traded as high as $6.64. Liberty Latin America shares last traded at $6.61, with a volume of 203,220 shares traded.

Liberty Latin America Stock Performance

The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The business’s 50-day moving average is $6.60 and its 200-day moving average is $8.32. The company has a market capitalization of $1.30 billion, a PE ratio of -2.26 and a beta of 1.03.

Liberty Latin America (NASDAQ:LILA) last released its earnings results on Wednesday, November 6th. The company reported ($2.22) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 13.02% and a negative return on equity of 27.22%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.29 earnings per share. On average, research analysts anticipate that Liberty Latin America Ltd. will post -2.43 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Brendan J. Paddick bought 18,011 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average cost of $6.12 per share, with a total value of $110,227.32. Following the completion of the acquisition, the director now owns 1,437,518 shares of the company’s stock, valued at approximately $8,797,610.16. This represents a 1.27 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have purchased 156,298 shares of company stock valued at $1,043,886. 11.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liberty Latin America

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC lifted its position in Liberty Latin America by 15.9% in the 4th quarter. SG Americas Securities LLC now owns 14,560 shares of the company’s stock valued at $93,000 after acquiring an additional 2,002 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Liberty Latin America during the fourth quarter valued at $96,000. Intech Investment Management LLC purchased a new stake in shares of Liberty Latin America during the third quarter valued at $104,000. ABC Arbitrage SA bought a new stake in Liberty Latin America in the 4th quarter worth about $136,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Liberty Latin America in the 3rd quarter worth about $163,000. Institutional investors own 18.48% of the company’s stock.

Liberty Latin America Company Profile

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.