Liberty Latin America (NASDAQ:LILA) Shares Gap Down – Time to Sell?

Liberty Latin America Ltd. (NASDAQ:LILA) gapped down before the market opened on Thursday . The stock had previously closed at $8.34, but opened at $7.90. Liberty Latin America shares last traded at $8.1160, with a volume of 106,673 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Liberty Latin America in a research report on Friday, July 17th. Morgan Stanley downgraded Liberty Latin America from an “equal weight” rating to an “underweight” rating and set a $7.00 target price for the company. in a research note on Thursday. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, Liberty Latin America currently has a consensus rating of “Reduce” and an average price target of $10.00.

Liberty Latin America Stock Performance

The stock’s fifty day moving average price is $7.59 and its two-hundred day moving average price is $7.84. The company has a debt-to-equity ratio of 8.08, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market cap of $1.59 billion, a P/E ratio of -16.57 and a beta of 0.74.

Liberty Latin America (NASDAQ:LILA) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.13) earnings per share for the quarter. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Liberty Latin America had a negative net margin of 2.20% and a negative return on equity of 9.29%. As a group, equities analysts predict that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Insider Buying and Selling at Liberty Latin America

In related news, Director Charles H. R. Bracken sold 42,975 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $8.57, for a total transaction of $368,295.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Brendan J. Paddick acquired 100,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average cost of $4.88 per share, for a total transaction of $488,000.00. Following the completion of the purchase, the director owned 1,559,542 shares of the company’s stock, valued at $7,610,564.96. This trade represents a 6.85% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired 15,092,142 shares of company stock worth $124,845,482 in the last 90 days. Corporate insiders own 6.25% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

A number of large investors have recently bought and sold shares of the stock. Strs Ohio bought a new position in Liberty Latin America in the first quarter worth approximately $34,000. Russell Investments Group Ltd. raised its position in shares of Liberty Latin America by 58.8% during the third 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 during the period. Danske Bank A S acquired a new position in shares of Liberty Latin America during the third quarter worth approximately $56,000. Quantbot Technologies LP lifted its holdings in shares of Liberty Latin America by 727.1% in the 3rd quarter. Quantbot Technologies LP now owns 7,154 shares of the company’s stock worth $59,000 after purchasing an additional 6,289 shares in the last quarter. Finally, State of Wyoming bought a new position in shares of Liberty Latin America in the 1st quarter worth $77,000. 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.