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

Liberty Latin America Ltd. (NASDAQ:LILA)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $7.21, but opened at $6.71. Liberty Latin America shares last traded at $6.37, with a volume of 400,558 shares.

Liberty Latin America Trading Down 5.8 %

The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 4.31. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -2.32 and a beta of 1.03. The company has a fifty day moving average of $6.64 and a two-hundred day moving average of $8.12.

Liberty Latin America (NASDAQ:LILA) last issued its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share (EPS) for the quarter. Liberty Latin America had a negative return on equity of 27.22% and a negative net margin of 13.02%. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, research analysts expect that Liberty Latin America Ltd. will post -2.43 EPS for the current year.

Insider Transactions at Liberty Latin America

In other news, Director Brendan J. Paddick acquired 18,011 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of $6.12 per share, with a total value of $110,227.32. Following the purchase, the director now directly owns 1,437,518 shares of the company’s stock, valued at approximately $8,797,610.16. This trade represents 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 have purchased a total of 156,298 shares of company stock valued at $1,043,886 in the last ninety days. 11.35% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LILA. KLP Kapitalforvaltning AS acquired a new stake in Liberty Latin America in the 4th quarter valued at about $37,000. EntryPoint Capital LLC acquired a new position in Liberty Latin America in the 4th quarter valued at about $69,000. Marshall Wace LLP purchased a new position in Liberty Latin America in the 4th quarter valued at about $77,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Liberty Latin America by 12.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company’s stock worth $80,000 after purchasing an additional 1,422 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Liberty Latin America by 15.9% during the fourth quarter. SG Americas Securities LLC now owns 14,560 shares of the company’s stock worth $93,000 after buying an additional 2,002 shares in 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 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.