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

Liberty Latin America Ltd. (NASDAQ:LILA) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $7.65 and traded as low as $7.23. Liberty Latin America shares last traded at $7.32, with a volume of 208,144 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Liberty Latin America presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Liberty Latin America Stock Performance

The firm has a market cap of $1.52 billion, a price-to-earnings ratio of -2.48 and a beta of 1.00. The firm’s 50 day moving average is $7.66 and its 200-day moving average is $7.93. The company has a debt-to-equity ratio of 7.40, a quick ratio of 1.14 and a current ratio of 1.14.

Liberty Latin America (NASDAQ:LILA) last posted its earnings results on Wednesday, February 18th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.23). Liberty Latin America had a negative return on equity of 50.24% and a negative net margin of 13.76%.The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.14 billion. Sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Insider Activity at Liberty Latin America

In related news, CAO Brian D. Zook sold 94,494 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.04, for a total value of $759,731.76. Following the completion of the sale, the chief accounting officer directly owned 6,813 shares in the company, valued at approximately $54,776.52. The trade was a 93.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.96% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. AQR Capital Management LLC acquired a new position in shares of Liberty Latin America during the first quarter valued at about $104,000. Empowered Funds LLC lifted its holdings in shares of Liberty Latin America by 7.3% during the 1st quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock worth $1,359,000 after acquiring an additional 14,547 shares during the period. Jane Street Group LLC boosted its position in shares of Liberty Latin America by 230.6% during the 1st quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock valued at $314,000 after acquiring an additional 34,640 shares in the last quarter. Strs Ohio acquired a new stake in shares of Liberty Latin America during the 1st quarter valued at about $34,000. Finally, Geode Capital Management LLC increased its stake in Liberty Latin America by 12.2% in the second quarter. Geode Capital Management LLC now owns 662,784 shares of the company’s stock valued at $4,042,000 after acquiring an additional 71,873 shares during the period. 18.48% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Latin America

Liberty Latin America is a telecommunications company that provides video, broadband internet, telephony and mobile services across Latin America and the Caribbean. The company’s operations span consumer and business markets, offering cable television packages, high-speed broadband connections, fixed-line voice services and wireless data plans. Through its brands, including Flow in several Caribbean territories and VTR in Chile, Liberty Latin America focuses on delivering converged digital solutions designed to meet both residential and enterprise needs.

Formed in 2018 as a spin-off from Liberty Global, Liberty Latin America built its initial footprint by integrating legacy assets acquired from Cable & Wireless Communications and Columbus Communications.