Liberty Latin America (NASDAQ:LILA) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Liberty Latin America Ltd. (NASDAQ:LILA) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $7.38 and traded as high as $7.86. Liberty Latin America shares last traded at $7.79, with a volume of 765,578 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Morgan Stanley set a $7.00 price target on Liberty Latin America in a research report on Friday, June 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $10.00.

Liberty Latin America Trading Up 2.5%

The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 7.74. The company’s fifty day moving average is $7.40 and its 200-day moving average is $7.72. The firm has a market capitalization of $1.72 billion, a P/E ratio of -3.44 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Thursday, May 7th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.14). Liberty Latin America had a negative return on equity of 45.66% and a negative net margin of 11.20%.The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.09 billion. As a group, sell-side analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Liberty Latin America news, CEO Balan Nair acquired 164,914 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of $6.07 per share, with a total value of $1,001,027.98. Following the transaction, the chief executive officer owned 3,276,798 shares of the company’s stock, valued at approximately $19,890,163.86. This trade represents a 5.30% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Brendan J. Paddick bought 100,000 shares of the stock in a transaction on Thursday, June 18th. The stock was acquired at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the acquisition, the director directly owned 1,559,542 shares in the company, valued at approximately $7,610,564.96. The trade was a 6.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have acquired 14,820,228 shares of company stock valued at $121,249,631. Company insiders own 6.25% of the company’s stock.

Institutional Trading of Liberty Latin America

A number of hedge funds have recently bought and sold shares of LILA. Strs Ohio bought a new stake in shares of Liberty Latin America in the first quarter valued at about $34,000. Russell Investments Group Ltd. grew its holdings in shares of Liberty Latin America by 58.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,593 shares of the company’s stock worth $46,000 after purchasing an additional 2,070 shares in the last quarter. Danske Bank A S bought a new stake in shares of Liberty Latin America during the third quarter valued at approximately $56,000. Quantbot Technologies LP raised its stake in shares of Liberty Latin America by 727.1% in the third quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock valued at $59,000 after purchasing an additional 6,289 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of Liberty Latin America in the first quarter valued at $77,000. 18.48% of the stock is owned by institutional investors.

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.