Liberty Latin America (NASDAQ:LILA) Trading Down 4.5% - What's Next?

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report) shares were down 4.5% on Wednesday . The company traded as low as $6.05 and last traded at $6.02. Approximately 137,970 shares were traded during trading, a decline of 69% from the average daily volume of 449,398 shares. The stock had previously closed at $6.30.

Analyst Ratings Changes

Separately, Benchmark raised Liberty Latin America to a "strong-buy" rating in a report on Monday, June 2nd.

Liberty Latin America Stock Down 1.8%

The company has a debt-to-equity ratio of 5.00, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market cap of $1.23 billion, a P/E ratio of -1.53 and a beta of 0.97. The stock has a 50-day moving average of $5.43 and a 200 day moving average of $6.04.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported ($0.69) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.62). Liberty Latin America had a negative return on equity of 44.60% and a negative net margin of 17.85%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.10 billion. Research analysts anticipate that Liberty Latin America Ltd. will post -0.22 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Christopher J. Noyes purchased 8,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of $4.53 per share, for a total transaction of $36,240.00. Following the completion of the transaction, the chief financial officer owned 231,621 shares of the company's stock, valued at approximately $1,049,243.13. This trade represents a 3.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Balan Nair purchased 22,779 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average price of $4.39 per share, for a total transaction of $99,999.81. Following the transaction, the chief executive officer directly owned 1,651,001 shares of the company's stock, valued at $7,247,894.39. This trade represents a 1.40% increase in their position. The disclosure for this purchase can be found here. 11.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its position in Liberty Latin America by 12.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,503 shares of the company's stock valued at $80,000 after acquiring an additional 1,422 shares during the last quarter. Searchlight Capital Partners L.P. grew its position in Liberty Latin America by 3.3% in the fourth 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. MetLife Investment Management LLC grew its position in Liberty Latin America by 14.7% in the first quarter. MetLife Investment Management LLC now owns 18,677 shares of the company's stock valued at $118,000 after acquiring an additional 2,394 shares during the last quarter. Barclays PLC grew its position in Liberty Latin America by 4.3% in the fourth quarter. Barclays PLC now owns 73,416 shares of the company's stock valued at $467,000 after acquiring an additional 2,997 shares during the last quarter. Finally, State of Wyoming grew its position in Liberty Latin America by 10.9% in the fourth quarter. State of Wyoming now owns 31,628 shares of the company's stock valued at $201,000 after acquiring an additional 3,100 shares during the last quarter. 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.