Liberty Latin America (NASDAQ:LILA) Shares Gap Down – Should You 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 changing hands.

Liberty Latin America Stock Up 1.3 %

The company has a debt-to-equity ratio of 4.68, a quick ratio of 1.06 and a current ratio of 1.04. The stock has a 50 day moving average price of $6.64 and a 200 day moving average price of $8.09. The company has a market cap of $1.36 billion, a P/E ratio of -2.07 and a beta of 1.03.

Liberty Latin America (NASDAQ:LILA) last issued its earnings results on Wednesday, February 19th. The company reported ($0.90) earnings per share (EPS) for the quarter. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.15 billion. Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. Research analysts expect that Liberty Latin America Ltd. will post -0.22 earnings per share for the current fiscal year.

Insider Activity at Liberty Latin America

In related news, Director Brendan J. Paddick bought 5,053 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were acquired at an average price of $6.93 per share, with a total value of $35,017.29. Following the completion of the transaction, the director now owns 1,343,021 shares of the company’s stock, valued at $9,307,135.53. The trade was a 0.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have acquired 156,298 shares of company stock valued at $1,043,886. 11.35% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its holdings in 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. Searchlight Capital Partners L.P. increased its stake in shares of Liberty Latin America by 3.3% in the 4th quarter. Searchlight Capital Partners L.P. now owns 45,708 shares of the company’s stock valued at $291,000 after acquiring an additional 1,444 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Liberty Latin America by 15.9% in the 4th quarter. SG Americas Securities LLC now owns 14,560 shares of the company’s stock valued at $93,000 after purchasing an additional 2,002 shares during the period. Barclays PLC grew its position in shares of Liberty Latin America by 4.3% in the 4th quarter. Barclays PLC now owns 73,416 shares of the company’s stock valued at $467,000 after purchasing an additional 2,997 shares during the period. Finally, State of Wyoming boosted its position in Liberty Latin America by 10.9% during the 4th quarter. State of Wyoming now owns 31,628 shares of the company’s stock worth $201,000 after acquiring an additional 3,100 shares during the last quarter. Institutional investors and hedge funds 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.