Liberty Latin America (NASDAQ:LILA) Trading Down 4.4% – Here’s What Happened

Liberty Latin America Ltd. (NASDAQ:LILA)’s share price dropped 4.4% during mid-day trading on Tuesday . The company traded as low as $7.15 and last traded at $7.15. Approximately 117,600 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 366,362 shares. The stock had previously closed at $7.48.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Liberty Latin America from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 4th.

Liberty Latin America Stock Performance

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 company has a market cap of $1.37 billion, a P/E ratio of -2.40 and a beta of 1.12. The business has a fifty day moving average of $9.05 and a 200 day moving average of $9.19.

Hedge Funds Weigh In On Liberty Latin America

A number of hedge funds and other institutional investors have recently made changes to their positions in LILA. Wilmington Savings Fund Society FSB bought a new stake in shares of Liberty Latin America during the third quarter valued at approximately $163,000. Sanctuary Advisors LLC boosted its position in shares of Liberty Latin America by 7.8% during the third quarter. Sanctuary Advisors LLC now owns 68,236 shares of the company’s stock valued at $654,000 after purchasing an additional 4,917 shares in the last quarter. Barclays PLC boosted its position in shares of Liberty Latin America by 81.6% during the third quarter. Barclays PLC now owns 70,419 shares of the company’s stock valued at $675,000 after purchasing an additional 31,642 shares in the last quarter. XTX Topco Ltd boosted its position in shares of Liberty Latin America by 33.6% during the third quarter. XTX Topco Ltd now owns 27,532 shares of the company’s stock valued at $264,000 after purchasing an additional 6,918 shares in the last quarter. Finally, Zacks Investment Management bought a new stake in shares of Liberty Latin America during the third quarter valued at approximately $648,000. 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.