Liberty Latin America (NASDAQ:LILAK) Shares Down 4.4% – What’s Next?

Shares of Liberty Latin America Ltd. (NASDAQ:LILAK) were down 4.4% during mid-day trading on Tuesday . The company traded as low as $7.07 and last traded at $7.01. Approximately 85,366 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 732,231 shares. The stock had previously closed at $7.33.

Analysts Set New Price Targets

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

Liberty Latin America Stock Performance

The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a market cap of $1.38 billion, a P/E ratio of -2.40 and a beta of 1.02. The business’s 50-day moving average price is $6.59 and its 200-day moving average price is $8.10.

Insider Activity at Liberty Latin America

In other news, Director Brendan J. Paddick bought 35,475 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were bought at an average price of $7.04 per share, for a total transaction of $249,744.00. Following the purchase, the director now owns 1,273,443 shares in the company, valued at approximately $8,965,038.72. The trade was a 2.87 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have purchased 156,298 shares of company stock worth $1,043,886. Corporate insiders own 9.66% of the company’s stock.

Institutional Trading of Liberty Latin America

A number of hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Liberty Latin America by 25.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 331,332 shares of the company’s stock worth $2,101,000 after acquiring an additional 67,621 shares during the period. Voloridge Investment Management LLC lifted its holdings in Liberty Latin America by 78.8% in the 4th quarter. Voloridge Investment Management LLC now owns 230,554 shares of the company’s stock worth $1,462,000 after purchasing an additional 101,601 shares in the last quarter. Twinbeech Capital LP purchased a new position in Liberty Latin America in the 4th quarter worth approximately $168,000. ProShare Advisors LLC boosted its stake in Liberty Latin America by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 36,509 shares of the company’s stock worth $231,000 after purchasing an additional 12,014 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in Liberty Latin America by 102.9% during the 4th quarter. Quantinno Capital Management LP now owns 26,768 shares of the company’s stock valued at $170,000 after buying an additional 13,575 shares in the last quarter. 52.98% of the stock is owned by hedge funds and other institutional investors.

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.