Liberty Latin America (NASDAQ:LILA) Shares Gap Down to $7.44

Liberty Latin America Ltd. (NASDAQ:LILA - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $7.44, but opened at $7.23. Liberty Latin America shares last traded at $7.38, with a volume of 66,260 shares changing hands.

Liberty Latin America Stock Performance

The stock has a 50-day moving average of $6.77 and a 200 day moving average of $6.94. The firm has a market capitalization of $1.53 billion, a P/E ratio of -28.73 and a beta of 1.18. The company has a debt-to-equity ratio of 3.29, a quick ratio of 1.13 and a current ratio of 1.13.

Liberty Latin America (NASDAQ:LILA - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported ($0.49) earnings per share for the quarter. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.17 billion. Liberty Latin America had a negative net margin of 1.21% and a negative return on equity of 2.26%. On average, research analysts anticipate that Liberty Latin America Ltd. will post -0.64 earnings per share for the current year.

Insider Activity

In other news, Director Paul A. Gould purchased 200,000 shares of the business's stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average price of $6.47 per share, with a total value of $1,294,000.00. Following the completion of the purchase, the director now directly owns 445,916 shares of the company's stock, valued at approximately $2,885,076.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Liberty Latin America news, CAO Brian D. Zook sold 27,711 shares of the stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $6.76, for a total value of $187,326.36. Following the transaction, the chief accounting officer now owns 34,798 shares of the company's stock, valued at $235,234.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul A. Gould bought 200,000 shares of the firm's stock in a transaction dated Wednesday, March 20th. The shares were bought at an average price of $6.47 per share, with a total value of $1,294,000.00. Following the completion of the transaction, the director now directly owns 445,916 shares in the company, valued at approximately $2,885,076.52. The disclosure for this purchase can be found here. Insiders have purchased 1,220,056 shares of company stock valued at $8,247,512 over the last three months. 11.35% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC boosted its position in shares of Liberty Latin America by 16.5% during the fourth quarter. Virtu Financial LLC now owns 112,864 shares of the company's stock worth $825,000 after purchasing an additional 16,007 shares in the last quarter. Wittenberg Investment Management Inc. increased its holdings in shares of Liberty Latin America by 6.4% in the fourth quarter. Wittenberg Investment Management Inc. now owns 796,832 shares of the company's stock worth $5,825,000 after acquiring an additional 48,184 shares in the last quarter. TFO Wealth Partners LLC raised its position in shares of Liberty Latin America by 17,797.6% during the fourth quarter. TFO Wealth Partners LLC now owns 7,338 shares of the company's stock worth $54,000 after purchasing an additional 7,297 shares during the period. Trexquant Investment LP lifted its holdings in shares of Liberty Latin America by 151.6% during the 4th quarter. Trexquant Investment LP now owns 56,020 shares of the company's stock valued at $410,000 after purchasing an additional 33,752 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its stake in Liberty Latin America by 3.6% during the 4th quarter. Panagora Asset Management Inc. now owns 438,094 shares of the company's stock worth $3,202,000 after purchasing an additional 15,416 shares in the last quarter. Institutional investors and hedge funds own 18.48% 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.