Liberty Latin America (NASDAQ:LILAK) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Liberty Latin America Ltd. (NASDAQ:LILAK) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $6.64 and traded as low as $6.50. Liberty Latin America shares last traded at $6.66, with a volume of 780,166 shares changing hands.

Analyst Upgrades and Downgrades

LILAK has been the subject of a number of recent analyst reports. Scotiabank cut their price objective on shares of Liberty Latin America from $9.40 to $8.30 and set a “sector outperform” rating for the company in a report on Friday, November 8th. The Goldman Sachs Group cut their price objective on shares of Liberty Latin America from $10.50 to $7.50 and set a “neutral” rating for the company in a report on Wednesday, December 4th.

Liberty Latin America Stock Up 1.2 %

The firm has a market cap of $1.31 billion, a PE ratio of -2.27 and a beta of 1.04. The business’s 50 day moving average price is $6.64 and its 200 day moving average price is $8.55. The company has a debt-to-equity ratio of 4.31, a current ratio of 1.06 and a quick ratio of 1.06.

Insider Transactions at Liberty Latin America

In other Liberty Latin America news, Director Brendan J. Paddick purchased 18,011 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average cost of $6.12 per share, for a total transaction of $110,227.32. Following the completion of the transaction, the director now owns 1,437,518 shares of the company’s stock, valued at $8,797,610.16. The trade was a 1.27 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders purchased 156,298 shares of company stock valued at $1,043,886 over the last 90 days. Corporate insiders own 9.66% of the company’s stock.

Hedge Funds Weigh In On Liberty Latin America

Institutional investors and hedge funds have recently bought and sold shares of the business. nVerses Capital LLC acquired a new position in Liberty Latin America in the 3rd quarter valued at about $55,000. MassMutual Private Wealth & Trust FSB acquired a new position in Liberty Latin America in the 4th quarter valued at about $94,000. Quantinno Capital Management LP acquired a new position in Liberty Latin America in the 3rd quarter valued at about $125,000. Algert Global LLC acquired a new position in Liberty Latin America in the 2nd quarter valued at about $126,000. Finally, Verition Fund Management LLC acquired a new position in Liberty Latin America in the 3rd quarter valued at about $187,000. 52.98% of the stock is currently owned by institutional investors and hedge funds.

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.