Liberty Latin America (NASDAQ:LILA) Shares Gap Down – Should You Sell?

Liberty Latin America Ltd. (NASDAQ:LILAGet Free Report) gapped down prior to trading 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 Performance

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

Liberty Latin America (NASDAQ:LILAGet Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported ($0.90) EPS for the quarter. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Liberty Latin America had a negative return on equity of 33.41% and a negative net margin of 14.74%. On average, analysts forecast that Liberty Latin America Ltd. will post -0.22 EPS for the current year.

Insider Buying and Selling

In related news, Director Brendan J. Paddick bought 35,475 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were acquired at an average cost of $7.04 per share, for a total transaction of $249,744.00. Following the acquisition, the director now owns 1,273,443 shares in the company, valued at $8,965,038.72. This represents a 2.87 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders have acquired 156,298 shares of company stock worth $1,043,886. 11.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new position in Liberty Latin America during the 4th quarter valued at approximately $37,000. EntryPoint Capital LLC acquired a new position in Liberty Latin America during the 4th quarter valued at approximately $69,000. Intech Investment Management LLC acquired a new position in Liberty Latin America during the 3rd quarter valued at approximately $104,000. Marshall Wace LLP acquired a new position in Liberty Latin America during the 4th quarter valued at approximately $77,000. Finally, Price T Rowe Associates Inc. MD boosted its position 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 valued at $80,000 after purchasing an additional 1,422 shares during the period. Institutional investors and hedge funds own 18.48% of the company’s stock.

About Liberty Latin America

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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.

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