Liberty Latin America (NASDAQ:LILA) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Liberty Latin America Ltd. (NASDAQ:LILA) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.78 and traded as high as $7.83. Liberty Latin America shares last traded at $7.77, with a volume of 269,346 shares trading hands.

Analyst Upgrades and Downgrades

LILA has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Liberty Latin America in a research report on Thursday, January 22nd. Benchmark raised 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 research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $9.75.

Liberty Latin America Price Performance

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 6.78. The company has a market capitalization of $1.60 billion, a PE ratio of -2.17 and a beta of 1.01. The stock’s 50-day moving average is $7.76 and its two-hundred day moving average is $7.84.

Liberty Latin America (NASDAQ:LILA) last released 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. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Liberty Latin America had a negative return on equity of 54.11% and a negative net margin of 16.57%. On average, equities analysts predict that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Institutional Trading of Liberty Latin America

Several institutional investors and hedge funds have recently made changes to their positions in LILA. AQR Capital Management LLC purchased a new stake in shares of Liberty Latin America during the 1st quarter worth $104,000. Empowered Funds LLC lifted its position in shares of Liberty Latin America by 7.3% during the first quarter. Empowered Funds LLC now owns 214,637 shares of the company’s stock valued at $1,359,000 after buying an additional 14,547 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Liberty Latin America by 230.6% in the 1st quarter. Jane Street Group LLC now owns 49,660 shares of the company’s stock valued at $314,000 after buying an additional 34,640 shares in the last quarter. Strs Ohio purchased a new position in shares of Liberty Latin America in the 1st quarter worth approximately $34,000. Finally, Corton Capital Inc. purchased a new position in shares of Liberty Latin America in the 2nd quarter worth approximately $66,000. 18.48% of the stock is currently owned by institutional investors.

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.