Liberty Latin America (NASDAQ:LILA) Stock Passes Below 50-Day Moving Average – What’s Next?

Shares of Liberty Latin America Ltd. (NASDAQ:LILA) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.15 and traded as low as $7.27. Liberty Latin America shares last traded at $7.39, with a volume of 450,021 shares traded.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Liberty Latin America in a report on Wednesday, October 8th. Benchmark upped their price target on Liberty Latin America from $12.00 to $13.00 and gave the company a “buy” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, Liberty Latin America has an average rating of “Reduce” and an average target price of $9.75.

Liberty Latin America Stock Performance

The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 6.78. The firm has a 50-day simple moving average of $8.13 and a 200 day simple moving average of $7.59. The company has a market cap of $1.45 billion, a price-to-earnings ratio of -1.97 and a beta of 1.03.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Wednesday, November 5th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. Liberty Latin America had a negative net margin of 16.57% and a negative return on equity of 54.11%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. On average, sell-side analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its position in Liberty Latin America by 5.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 126,260 shares of the company’s stock valued at $1,060,000 after acquiring an additional 7,046 shares during the period. Tudor Investment Corp ET AL increased its holdings in shares of Liberty Latin America by 72.8% in the third quarter. Tudor Investment Corp ET AL now owns 273,382 shares of the company’s stock valued at $2,266,000 after purchasing an additional 115,148 shares during the period. Danske Bank A S purchased a new stake in shares of Liberty Latin America during the third quarter worth approximately $56,000. XTX Topco Ltd acquired a new stake in shares of Liberty Latin America during the third quarter worth $896,000. Finally, Schonfeld Strategic Advisors LLC grew its position in Liberty Latin America by 104.9% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 262,084 shares of the company’s stock valued at $2,173,000 after buying an additional 134,182 shares during the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

Liberty Latin America Company Profile

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.