Liberty Latin America (NASDAQ:LILAK) Stock Price Down 4.4% – Here’s What Happened

Shares of Liberty Latin America Ltd. (NASDAQ:LILAK) were down 4.4% on Tuesday . The stock 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.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on LILAK shares. The Goldman Sachs Group lowered 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 research note on Wednesday, December 4th. Scotiabank reduced their price target 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.

Liberty Latin America Stock Down 4.1 %

The business has a 50 day moving average of $6.59 and a two-hundred day moving average of $8.10. The stock has a market capitalization of $1.38 billion, a PE ratio of -2.40 and a beta of 1.02. The company has a debt-to-equity ratio of 4.31, a quick ratio of 1.06 and a current ratio of 1.06.

Insider Transactions at Liberty Latin America

In other Liberty Latin America news, Director Brendan J. Paddick bought 5,053 shares of Liberty Latin America stock in a transaction that occurred on Friday, November 29th. The shares were bought at an average cost of $6.93 per share, with a total value of $35,017.29. Following the transaction, the director now directly owns 1,343,021 shares of the company’s stock, valued at approximately $9,307,135.53. This represents a 0.38 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought a total of 156,298 shares of company stock valued at $1,043,886 in the last 90 days. Insiders own 9.66% of the company’s stock.

Institutional Investors Weigh In On Liberty Latin America

Several institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Liberty Latin America by 25.6% during 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 valued at $2,101,000 after acquiring an additional 67,621 shares in the last quarter. Voloridge Investment Management LLC grew its position in Liberty Latin America by 78.8% during 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 during the last quarter. Twinbeech Capital LP purchased a new stake in Liberty Latin America during the 4th quarter worth approximately $168,000. ProShare Advisors LLC raised its holdings in shares of Liberty Latin America by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 36,509 shares of the company’s stock worth $231,000 after buying an additional 12,014 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of Liberty Latin America by 102.9% in the fourth quarter. Quantinno Capital Management LP now owns 26,768 shares of the company’s stock worth $170,000 after buying an additional 13,575 shares during the last quarter. Institutional investors and hedge funds own 52.98% 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.