Liberty Latin America (NASDAQ:LILA) Shares Gap Down to $7.44

Liberty Latin America Ltd. (NASDAQ:LILA) shares gapped down prior to trading on Wednesday . The stock had previously closed at $7.44, but opened at $7.23. Liberty Latin America shares last traded at $7.38, with a volume of 66,260 shares traded.

Liberty Latin America Trading Up 0.1 %

The company has a 50-day moving average price of $6.74 and a 200 day moving average price of $6.94. The stock has a market capitalization of $1.53 billion, a P/E ratio of -28.69 and a beta of 1.18. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 3.29.

Liberty Latin America (NASDAQ:LILA) last announced its earnings results on Thursday, February 22nd. The company reported ($0.49) earnings per share (EPS) for the quarter. Liberty Latin America had a negative net margin of 1.21% and a negative return on equity of 2.26%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.17 billion. On average, research analysts forecast that Liberty Latin America Ltd. will post -0.64 earnings per share for the current fiscal year.

Insider Activity at Liberty Latin America

In other Liberty Latin America news, major shareholder John C. Malone bought 35,780 shares of Liberty Latin America stock in a transaction that occurred on Wednesday, March 20th. The shares were bought at an average cost of $6.43 per share, with a total value of $230,065.40. Following the transaction, the insider now directly owns 7,402,498 shares of the company’s stock, valued at approximately $47,598,062.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Liberty Latin America news, major shareholder John C. Malone bought 35,780 shares of Liberty Latin America stock in a transaction that occurred on Wednesday, March 20th. The shares were bought at an average cost of $6.43 per share, with a total value of $230,065.40. Following the transaction, the insider now directly owns 7,402,498 shares of the company’s stock, valued at approximately $47,598,062.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul A. Gould bought 200,000 shares of Liberty Latin America stock in a transaction that occurred on Wednesday, March 20th. The shares were acquired at an average cost of $6.47 per share, for a total transaction of $1,294,000.00. Following the completion of the transaction, the director now directly owns 445,916 shares in the company, valued at $2,885,076.52. The disclosure for this purchase can be found here. Insiders have acquired 1,220,056 shares of company stock valued at $8,247,512 in the last ninety days. Corporate insiders own 11.35% of the company’s stock.

Institutional Trading of Liberty Latin America

Large investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new stake in Liberty Latin America during the 4th quarter valued at about $38,000. TFO Wealth Partners LLC grew its stake in Liberty Latin America by 17,797.6% during the 4th quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company’s stock valued at $54,000 after purchasing an additional 7,297 shares during the last quarter. Cullen Investment Group LTD. purchased a new stake in Liberty Latin America during the 4th quarter valued at about $86,000. Teza Capital Management LLC purchased a new stake in Liberty Latin America during the 3rd quarter valued at about $124,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Liberty Latin America by 38.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,545 shares of the company’s stock valued at $114,000 after purchasing an additional 4,322 shares during the last quarter. Hedge funds and other institutional investors own 18.48% of the company’s stock.

About Liberty Latin America

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.